EC Regulation No. 673/2005 imposed a 15% ad valorem additional customs duty on certain imports that originated in the United States of America due to the US’s failure to bring the Continued Dumping and Subsidy Offset Act (CDSOA) in conformity with its obligations under World Trade Organisation (WTO) agreements.
Under that regulation, the European Commission will annually adjust the level of duties to the level of impairment caused by the CDSOA to the EU at that particular moment in time. In 2010 the level of impairment was equal to USD 95.83 million. However, the latest figure has dropped substantially to USD 9.96 million. As a result, the European Commission has issued Regulation No. 311/2011 that reduces the number of products that attract retaliatory additional duty to the Commodity Codes below:
• 0710.40.00 (Sweetcorn)
• 8705.10.00 (Crane Lorries) and;
• 9003.19.30 (Optical Frames)
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