Last week, U.S. Customs and Border Protection (CBP) announced the distribution of over $61 million in funds to affected domestic producers under the Continued Dumping and Subsidy Offset Act (CDSOA) (also known colloquially as “the Byrd Amendment”), with another $3 million in collected antidumping duties withheld. In the thirteen years that CDSOA distributions have been […]
Brazil: Multi-national consortium wins offshore production rights amid protests
A consortium made up of Brazil’s state-run oil firm Petrobras, Shell, Total, and Chinese companies CNPC and CNOOC has won a production license for the offshore Libra oilfield. The 35-year license to the deep-sea field–which is thought to be rich enough to potentially double Brazil’s oil reserves–was auctioned off by Brazil’s National Petroleum Agency. The consortium […]
The International Trade Commission Votes Affirmatively to Continue Antidumping Orders on Frozen Warmwater Shrimp
As part of the International Trade Commission’s (“ITC”) statutorily-mandated sunset review process, Commissioners voted 5-1 on March 15 to continue existing antidumping duty orders on frozen warmwater shrimp from Brazil, China, India, Thailand, and Vietnam. Trade relief has been in place since 2005 in order to offset the unfairly low prices of shrimp imports from […]