Commerce Initiates Antidumping and Countervailing Duty Investigations of Certain Epoxy Resins from the People's Republic of China, India, the Republic of Korea, Taiwan, and Thailand
Commerce Initiates Antidumping and Countervailing Duty Investigations of Certain Epoxy Resins from the People’s Republic of China, India, the Republic of Korea, Taiwan, and Thailand
On April 24, 2024, the U.S. Department of Commerce (Commerce) announced the initiation of antidumping duty (AD) investigations of certain epoxy resins (epoxy resins) from the People’s Republic of China (China), India, the Republic of Korea (Korea), Taiwan, and Thailand, and countervailing duty (CVD) investigations of epoxy resins from China, India, Korea, and Taiwan.
ALLEGED DUMPING RATES:
| COUNTRY | DUMPING MARGINS (percent) |
|---|---|
| China | 266.37 - 354.99% |
| India | 9.92 – 15.68% |
| Korea | 35.29 – 57.38% |
| Taiwan | 91.15 – 139.29% |
| Thailand | 143.73 – 176.34% |
ALLEGED SUBSIDY RATES:
| COUNTRY | SUBSIDY RATES |
|---|---|
| China | Above de minimis* |
| India | Above de minimis* |
| Korea | Above de minimis* |
| Taiwan | Above de minimis* |
* de minimis = less than 1% for developed countries, less than 2% for developing countries.
CASE CALENDAR:
| EVENT | AD INVESTIGATIONS | CVD INVESTIGATIONS |
|---|---|---|
| Petition(s) Filed | April 3, 2024 | April 3, 2024 |
| Commerce Initiation Date | April 23, 2024 | April 23, 2024 |
| ITC Preliminary Determinations* | May 20, 2024 | May 20, 2024 |
| Commerce Preliminary Determinations | September 10, 2024 | June 27, 2024 |
| Commerce Final Determinations | November 25, 2024 | September 10, 2024 |
| ITC Final Determinations** | January 9, 2025 | October 25, 2024 |
| Issuance of Orders*** | January 16, 2025 | November 1, 2024 |
NOTE: Commerce’s preliminary and final determination deadlines are governed by statute. For CVD investigations, the deadlines are set forth in sections 703(b) and 705(a)(1) of the Tariff Act of 1930, as amended (the Act). For AD investigations, the deadlines are set forth in sections 733(b) and 735(a) of the Act. These deadlines may be extended under certain circumstances.
* If the International Trade Commission (ITC) makes a negative preliminary determination of injury, then the corresponding AD/CVD investigation(s) will be terminated.
** This will take place only in the event of a final affirmative determination from Commerce.
*** This will take place only in the event of final affirmative determinations from Commerce and the ITC.
IMPORT STATISTICS:
| CHina | 2021 | 2022 | 2023 |
|---|---|---|---|
| Volume (lbs) | 8,422,944 | 6,325,121 | 4,084,046 |
| Value (USD) | $ 16,010,873 | $ 9,828,551 | $ 5,713,015 |
| India | 2021 | 2022 | 2023 |
|---|---|---|---|
| Volume (lbs) | 1,989,235 | 4,481,097 | 4,720,313 |
| Value (USD) | $ 4,746,992 | $ 11,544,062 | $ 7,638,308 |
| Korea | 2021 | 2022 | 2023 |
|---|---|---|---|
| Volume (lbs) | 149,812,310 | 183,972,055 | 124,718,712 |
| Value (USD) | $ 337,791,283 | $ 488,536,144 | $ 204,619,008 |
| Taiwan | 2021 | 2022 | 2023 |
|---|---|---|---|
| Volume (lbs) | 16,525,475 | 32,454,690 | 40,026,647 |
| Value (USD) | $ 33,749,942 | $ 63,666,493 | $ 51,496,148 |
| Thailand | 2021 | 2022 | 2023 |
|---|---|---|---|
| Volume (lbs) | 12,354,755 | 10,480,614 | 12,718,384 |
| Value (USD) | $ 22,336,233 | $ 23,051,817 | $ 19,769,126 |
Source: U.S. Census Bureau, accessed through Global Trade Atlas (Harmonized Tariff Schedule of the United States (HTSUS) subheading 3907.30.0000.
Other Case Information
- The petitioner is the U.S. Epoxy Resin Producers Ad Hoc Coalition, which consists of Olin Corporation (Clayton, MO) and Westlake Corporation (Houston, TX).
- For general information and next steps, please refer to a list of initiation FAQs.
Additional case information, including the scope of the investigations and alleged subsidy programs, are on file electronically via Enforcement and Compliance’s Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). Once you log in, please refer to AD case numbers:
Trading Partner AD Investigation CVD Investigation China A-570-166 C-570-167 India A-533-926 C-533-927 Korea A-580-919 C-580-920 Taiwan A-583-876 C-583-877 Thailand A-549-850 - For more information on subsidy programs, please refer to the subsidies enforcement library
- To date, Commerce maintains 675 AD and CVD orders that provide relief to American companies and industries impacted by unfair trade.