Commerce Sets Final Duties On Russian, Moroccan Fertilizer
Law360 (February 10, 2021, 4:52 PM EST) -- The U.S. Department of Commerce on Tuesday affirmed duties on imports of phosphate fertilizers from Russia and Morocco, making a final determination that the two governments are improperly subsidizing producers and exporters.
The subsidy rates assessed by Commerce range from 9.19% for the Russian mining company Joint Stock Co. Apatit to 47.05% for the Russian phosphate producer Industrial Group Phosphorite LLC. The Moroccan firm OCP SA was given a subsidy rate of 19.97%.
In making the final determination on countervailing duties, Commerce found that Morocco was providing OCP mining rights at less than fair value, improperly boosting exports with tax incentives,...
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