WASHINGTON, Aug. 10, 2015 /PRNewswire-USNewswire/ -- The following is being released by Wiley Rein LLP:
In an important victory for U.S. producers of diamond sawblades, the U.S. International Trade Commission (ITC) voted to extend the antidumping duty (AD) order covering diamond sawblades and parts thereof from China for an additional five years. The ITC made its decision in the first "sunset" review of the diamond sawblades order. In such reviews, which are held every five years, the ITC examines whether or not the termination of an order would likely lead to the continuation or recurrence of material injury to the domestic industry. After conducting a full investigation into the order on diamond sawblades from China, the ITC determined that revocation of the order would likely result in injury to the domestic industry.
"We are extremely pleased by the ITC's determination to continue the order and hold Chinese producers accountable for their unfair trade practices," said Daniel B. Pickard, a partner in Wiley Rein LLP's International Trade Practice and counsel to the Diamond Sawblades Manufacturers' Coalition (DSMC). The DSMC is an ad-hoc coalition of U.S. manufacturers that petitioned for relief from unfair imports. "The continuation of the order will allow U.S. diamond sawblades manufacturers to compete on a level playing field, and will allow U.S. producers to produce more American product and hire more American workers," Mr. Pickard said.
Prior to Friday's vote, the U.S. Department of Commerce had determined, in a separate proceeding, that producers in China would resume dumping diamond sawblades in the U.S. market if the order were revoked.
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Contact: Daniel B. Pickard
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SOURCE Wiley Rein LLP