Peru Will Not Impose CVD on U.S. Cotton
The Peruvian Commission on Competition and Intellectual Property has decided not to impose a countervailing duty on imports of U.S. cotton. The commission found - after an 18-month investigation - no causal link between the imports of U.S. cotton fiber and the economic situation of Peru's cotton farmers. The National Cotton Council welcomed the decision. The decision must now go through a 15-day waiting period to allow an appeal - but will mean U.S. cotton will continue to be available to Peru's textile industry free of import duties as agreed to in the U.S.-Peru Free Trade Agreement.
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