Paper Industry News
US piles more duties on Chinese Indonesian paper
Friday, 30, April 2010
The United States on Thursday slapped additional preliminary duties on hundreds of millions of dollars of glossy magazine-quality paper from China as Sino-U.S. trade disputes continued to pile up.The Commerce Department said it hit Chinese companies with new duties ranging from 30.82 percent to 135.8 percent and Indonesian firms with a 10.62 percent duty.The decision is another victory for U.S. companies NewPage Corp [NEWPG.UL], Appleton Coated LLC and S.D. Warren Co, and for union workers, who filed a request last year for relief.
We think it's an excellent result. It shows that these producers have really engaged in unfair trade and that the United States government is really willing to impose significant duties to offset that unfair trade," said Gilbert Kaplan, an attorney at King & Spalding for the U.S. industry.Asia Pulp & Paper [SINAMS.UL] said in a statement it had been hit with a 30.82 percent anti-dumping duty on its exports from China and 10.62 percent from Indonesia.
