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| FOR
IMMEDIATE RELEASE |
Contact: |
Christina
Bucher |
| February 13,
2001 |
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The PBN Company |
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Tel. 202-466-6210 |
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BYRD WON'T FLY:
CITAC CALLS FOR REPEAL OF WTO-ILLEGAL BYRD AMENDMENT
Washington,
DC: The Consuming Industries Trade Action Coalition (CITAC) today
called the Byrd Amendment a threat to consuming industries and urged its
repeal in the best interest of the Nation's economy. The amendment, passed
by Congress late last year, will distribute antidumping and countervailing
duties back to the U.S. companies that are petitioning the U.S. Government
for protection.
The Byrd
Amendment protects the companies that aren't globally competitive; hurts
those that are; runs counter to our obligations under the WTO and generally
distorts the operation of our trade laws, said CITAC Chairman Jon Jenson.
In a
letter submitted to the Office of the U.S. Trade Representative, CITAC
members stated that the amendment will result in more trade cases that
discourage trade. Further, it threatens consuming industries, which rely
on imports as components, raw materials or merchandise for sale to other
businesses and individuals.
In the
letter, CITAC members who include steel users, retailers, farmers and
others stated that they are concerned that downstream industries in the
United States will face shortages and a total lack of specialized materials
available only from foreign sources.
CITAC
states in the letter that 11 WTO member countries have already attacked
the Byrd Amendment, requesting consultations on multiple points of conflict
between the Amendment and the United States' WTO obligations.
CITAC
is a coalition of companies and organizations committed to promoting a
trade arena where U.S. consuming industries and their workers have access
to global markets for imports that enhance the international competitiveness
of U.S. firms.
CITAC's letter to the Office
of the U.S. Trade Representative is attached.
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