The US Department of Commerce, following an investigation, confirmed that Russia remains a country with a market economy. The absence of such a status allows anti-dumping duties to be applied. The Russian Ministry of Economy believes that the US decision gives a positive signal.
The Ministry of Trade last conducted an investigation into the marketability of the Russian economy in 2002. As a result, the United States recognized Russia as a country with a market economy. “The Ministry of Commerce believes that the Russian Federation continues to be a country with a market economy for the purpose of investigating anti-dumping duties. <...> The Ministry of Commerce believes that at the moment there is no obvious new evidence to justify the change in the current market status of the Russian Federation, ”the document says in the department’s database (quoted by Interfax).
The US notes that since 2002, reforms in some areas have “rolled back”, but in others “have been implemented.” Washington, following a previous investigation, expected market reforms to continue to “make significant progress.” The Ministry of Trade believes that reforms in Russia “have not advanced as much as expected, and in some cases even retreated.” The department intends to monitor the progress of reforms in the future “for the purposes of the law on anti-dumping duties.”
The Ministry of Economy of the Russian Federation reported that the United States conducted an assessment to revoke the country’s market status for the first time. The ministry noted that Washington’s decision “will have to be studied in detail.” “At the same time, it gives a positive signal that Russian exporters retain the entire arsenal of opportunities to protect their interests in American anti-dumping procedures, and that the United States does not intend to neglect the commitments made within the WTO,” said Deputy Economy Minister Vladimir Ilyichev. his words are quoted by the press service of the ministry.
The Ministry of Trade compiles a list of countries with non-market economies for the purposes of anti-dumping legislation and the application of countervailing duties. Now it includes China, Vietnam, Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan.
A re-investigation was initiated following a complaint by the American fertilizer producer CF Industries Holdings and its subsidiaries, according to a document published in the US Federal Register. They stated that Russian fertilizers based on urea and ammonium nitrate “are or may be supplied to the United States at less than fair value.”
More details about the investigation – in the material of “Kommersant” “The market did not come out.”
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