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EXCERPT Bush Proposes Repeal of "Byrd Amendment" on Antidumping Duties Administration has said it aims to comply with WTO ruling
The Bush administration is urging Congress to repeal a provision of antidumping law called the Byrd amendment after a final January ruling by the World Trade Organization (WTO) that it violated U.S. obligations.
Following is an excerpt of the administration's FY2004 budget proposal dealing with the Byrd amendment The budget also proposes to repeal a Treasury-administered provision in the 2001 Agriculture Appropriations Act, the Continued Dumping and Subsidy Offset Act of 2000, that annually pays approximately $230 million to complainants in antidumping/countervailing-duty cases. These corporate subsidies effectively provide a significant "double-dip" benefit to industries that already gain protection from the increased import prices provided by countervailing tariffs. While the Administration does not believe that these payments are inconsistent with U.S. treaty obligations, repeal of the provision would allow the funds to be directed to higher priority uses.
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