AISI Statement on August 18 WTO Appellate Body Ruling Against Zeroing

August 25, 2009

The American Iron and Steel Institute (AISI) joins the United States Trade Representative’s (USTR) office in condemning the August 18 ruling by the WTO  against zeroing, a U.S. method of calculating antidumping duties.  As the USTR office pointed out, the WTO Appellate Body ruling goes beyond in scope anything agreed to by WTO members.  The decades-old practice of zeroing merely ensures that the so-called “negative margins” on fairly traded merchandise in the United States are not improperly used to offset a foreign producer’s dumping margins on merchandise sold at less than fair value.  The WTO ruling could be used to justify offsetting the margins on unfairly traded merchandise, enabling foreign produce to sell massive quantities of dumped products in the U.S. market to the extreme detriment of U.S. workers and businesses.  We urge the U.S. government and Members of Congress to reject this misguided decision and U.S. negotiators to overturn it.

Contact:
Nancy Gravatt
Vice President, Communications
American Iron and Steel Institute
Tel: 202.452.7115