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Division
of Investment and Export
PO Box 7970
Madison, WI 53707-7970
USA
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Vol.
8 #2, November 2008
Trade Ruling Favors Wisconsin Papermaker
The International Trade Commission ruled on October 30 that
artificially low-priced imports from Chinese companies pose an economic
threat to Wisconsin papermaker Appleton. The firm argued that
foreign competitors were selling products in the United States below
the fair market value. Governor Jim Doyle, Senator Herb Kohl, and
U.S. Representatives Steve Kagen and Tom Petri testified before the
commission at an October hearing on the case. The quasi-judicial
panel’s opinion will go to the Commerce Department in November
and become public in early December. Once the U.S. Commerce
Department receives the decision, the agency will start requiring the
lightweight thermal paper makers and exporters from China and Germany
to post cash deposits on goods sold in the United States. The
cash deposits, which vary by company, are designed to increase the cost
of foreign products and close the gap between their prices and those
charged by U.S. producers. The money will go to the federal
treasury.
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