WASHINGTON, May 16, 2008 /PRNewswire-USNewswire via COMTEX News Network/ ----The Diamond Sawblades Manufacturers' Coalition, an ad hoc trade association of U.S. producers of diamond sawblades, praised Wednesday's U.S. International Trade Commission (ITC:  55.84, +0.84, +1.52%) determination that imports of diamond sawblades from Korea and the People's Republic of China threaten material injury to U.S. sawblades producers. The U.S. Department of Commerce has determined that imports from both countries are sold at "dumped" prices in the U.S. market.

Daniel B. Pickard, a partner in Wiley Rein's International Trade Group and Counsel to the Coalition, stated, "We are very pleased by the ITC's decision which will provide this important domestic industry and its workers with relief from unfairly traded imports. The Commission determined that these trade practices threaten material injury to the American manufacturers."

The Department of Commerce completed its investigations and calculated final antidumping duty margins for these products. The final dumping margins range as high as 164.9 percent for China and 26.55 percent for Korea.

The ITC's decision was made pursuant to a remand order from the Court of International Trade. Parties to the litigation will have an opportunity to comment to the Court on the ITC's determination. If the Court approves the ITC's remand determination, the Department of Commerce will issue an antidumping duty order covering the affected products.

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Wiley Rein LLP

Friday, May 16, 2008

Source: www.foxbusiness.com