Acetone from Six Countries Subject of New AD Petition
A petition filed Feb. 19 alleges that acetone from Belgium, Korea, Saudi Arabia, Singapore, South Africa, and Spain is being sold at less than fair value in the U.S. market. The alleged average dumping margins are 35.76 percent to 85.96 percent for Belgium, 113.46 percent to 175.60 percent for Korea, 75.11 percent for Saudi Arabia, 48.96 percent to 200.29 percent for Singapore, 211.22 percent to 410.22 percent for South Africa, and 184.99 percent for Spain.
The product covered by this petition is all grades of liquid or aqueous acetone. The scope includes acetone that is combined or mixed with other products, including benzene, diethyl ether, methanol, chloroform, and ethanol (though only the acetone component of such products is covered), regardless of whether the combining occurs in third countries. Acetone that is otherwise covered is not excluded when commingled with acetone from other sources.
Subject goods are classifiable under HTSUS 2914.11.1000 and 2914.11.5000.
The Department of Commerce and the International Trade Commission will next determine whether to launch AD duty and injury investigations, respectively, on these products. There are strict statutory deadlines associated with these proceedings, so affected companies that wish to protect their interests should contact trade counsel as soon as possible.