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USITC to Probe Changes in Indian Trade Policies

USITC to Probe Changes in Indian Trade Policies

Washington, DC – The US International Trade Commission (ITC) has launched an investigation into significant changes in India’s trade and investment policies by that country’s newly-elected government.

The decision by the agency comes in response to a request made in a September 25 letter sent jointly from the House Ways and Means Committee and the Senate Committee on Finance.

“Given the recent national elections in India and the formation of a new Bharatiya Janata Party-led government, and our interest in receiving the most comprehensive and up-to-date information possible,” the letter read, “we now request that the Commission conduct a second investigation concerning India’s industrial policies that discriminate against US trade and investment since the first ITC investigation.”

As requested, the ITC said it will “provide information about any significant changes by the new Indian government to the trade and investment policies identified in the Commission’s ongoing investigation.”

The agency said it “will also include information on any new relevant trade and investment policies and practices in India, focusing on the period from mid-2014.”

It added that the agency expects to deliver the report to the committees by September 24, 2015, the official statement said, adding that it will hold a public hearing in connection with this investigation on April 7, 2015.

The new investigation is the ITC’s second probe regarding India’s trade and investment policies requested by the two committees.

In 2013, the committees jointly asked the agency to investigate Indian policies that restrict US trade and investment.

The ITC is expected to submit its report in that investigation – Trade, Investment, and Industrial Policies in India: Effects on the US Economy – to both the House and Senate committees on December 15.


USITC Rules on ‘Oil Country Tubular Goods’ Imports

Washington, DC –The US International Trade Commission (USITC) has determined that “a US industry is materially injured or threatened with material injury” by the import of certain oil country tubular goods (OCTG) from six countries.

The ruling on OCTG from India, Korea, Taiwan, Turkey, Ukraine, and Vietnam gives the US Department of Commerce the go-ahead to impose tariffs as high as 118 percent on the affected OCTG imports.

The determination does not impact imports of the product from the Philippines and Thailand.

OCTG imports from Saudi Arabia were dropped from the earlier complaint, which was brought in 2013 by US steel companies after imports of the pipes used in the oil and gas industry surged and foreign manufacturers sought to cash in on booming US shale gas drilling.

Seventeen US companies including United States Steel; Maverick Tube Corporation; Boomerang Tube; Energex Tube; Northwest Pipe Co.; Welded Tube, USA; and Tejas Tubular Products filed the original complaint.

The US used 7 million tons of OCTG, valued at $10.1 billion in 2013, accounting for nearly two-thirds of the US market, according to the American Iron and Steel Institute in Washington, DC.

Leading sources of OCTG last year were Korea, Canada, Argentina, Japan, Mexico, and Germany, the trade group said.

Foreign manufacturers responded to the determination saying countered that they do not supply enough pipe to threaten the US industry, and instead blamed the lower prices on US producers increasing supply.