U.S. Secretary of Commerce Wilbur Ross announced the initiations of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine whether imports of ripe olives from Spain are being dumped in the United States, and whether producers in Spain are receiving alleged unfair subsidies.
“The Department of Commerce will ensure a full and fair assessment of the facts, and, if the rules are being broken, will act swiftly to halt any unfair trade practices,” said Secretary Ross. “The United States is committed to a free, fair and reciprocal trade with Spain.”
These AD and CVD investigations are based on petitions filed by the Coalition for Fair Trade in Ripe Olives, whose individual members are Bell-Carter Foods, Inc. (CA), and Musco Family Olive Co. (CA) on June 22, 2017. The estimated dumping margins alleged by the petitioners are 78.00 and 223.00 percent and the unfair subsidies are estimated to be above de minimis.
In the AD investigation, the Commerce Department will determine whether imports of ripe olives from Spain are being dumped in the U.S. market at less than fair value.
In the CVD investigation, the Commerce Department will determine whether Spanish producers of ripe olives are receiving unfair government subsidies.
If the Commerce Department determines that Spanish ripe olives are being dumped into the U.S. market, and/or receiving unfair government subsidies, and if the U.S. International Trade Commission (ITC) determines that dumped and/or unfairly subsidized U.S. imports of ripe olives from Spain are causing injury to the U.S. industry, the Commerce Department will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.
In 2016, imports of ripe olives from Spain were valued at an estimated $70.9 million.