Trade Remedies: âNew Shipperâ Reviews (CRS Report for Congress)
| Release Date |
Revised May 12, 2008 |
| Report Number |
RS22290 |
| Report Type |
Report |
| Authors |
Vivian C. Jones, Foreign Affairs, Defense, and Trade Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
This Congressional Research Service Report reviews the impact of U.S. Customs and Border Protection's lost opportunities to collect duties on specific products due to privileges extended to 'new shippers'. "Some U.S. producers of the kinds of merchandise subject to antidumping (AD) or countervailing (CV) duties have complained that U.S. Customs and Border Protection (CBP) has not been able to successfully collect the full amount of duties owed on targeted imports. One of the 'loopholes' often cited was a U.S. law that allowed importers receiving goods from new exporters of the targeted merchandise to post bonds instead of cash deposits while the International Trade Administration (ITA) conducted a review of the 'new shipper.' Legislation was approved in the 109th Congress to suspend the new shipper bonding privilege from April 1, 2006, to June 30, 2009 (sec. 1632 of P.L.109-280). Other bills, including H.R. 3283 (English, passed House July 27, 2005) and S. 695 (Cochran, passed Senate by unanimous consent, November 17, 2005) sought to suspend the privilege. H.R. 3306 (Rangel) proposed to strike it entirely."
