Error processing SSI file
NEWS RELEASE 99-019; FEBRUARY 4, 1999 February 4, 1999
News Release 99-019
Invs. Nos. 701-TA-A (Review) and 731-TA-157 (Review)

ITC WILL CONDUCT FULL "SUNSET" REVIEWS CONCERNING
THE SUSPENDED COUNTERVAILING DUTY INVESTIGATION
AND ANTIDUMPING DUTY ORDER ON
CARBON STEEL WIRE ROD FROM ARGENTINA

The U.S. International Trade Commission (ITC) today voted to conduct full five-year ("sunset") reviews concerning the suspended countervailing duty investigation and antidumping duty order on carbon steel wire rod from Argentina (Invs. Nos. 701-TA-A (Review) and 731- TA-157 (Review)).

As a result of today's vote, the Commission will conduct full reviews to determine whether termination of the suspended countervailing duty investigation and revocation of the antidumping duty order on carbon steel wire rod from Argentina would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The Commission's reviews in these cases will be completed no later than October 28, 1999, unless extended.

The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the ITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (ITC) within a reasonably foreseeable time. Reviews of outstanding antidumping and countervailing duty orders in existence as of January 1, 1995, began in July 1998.

The Commission's institution notice in five-year reviews requests that interested parties file responses with the Commission concerning the likely effects of revoking the order or terminating the suspension agreement as well as other information. Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the ITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires.

The Commission's determination to conduct full reviews resulted from 6-0 votes. Chairman Lynn M. Bragg, Vice Chairman Marcia E. Miller, and Commissioners Carol T. Crawford, Jennifer A. Hillman, Stephen Koplan, and Thelma J. Askey concluded that both domestic and respondent group responses for these reviews were adequate and voted for full reviews.

A record of the Commission's votes on these matters is available from the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be made by telephone by calling 202-205-1802.

The record of the Commission's votes is also posted on the ITC's Internet server at www.usitc.gov (under "Five-Year (Sunset) Reviews"/"Five-Year Reviews Listing"/"Carbon Steel Wire Rod from Argentina").

The Federal Register notice will indicate whether any further information or statements will be available. The Commission will issue a report after it completes its review.

-- 30 --