Explanation
22 companies received a antidumping margin of 16.58. SeAH Steel Corporation (SeAH) has alleged Department of Commerce have a ministerial error in creation of some calculations around manufacturing costs behind some sales in the United States. The order is over subject merchandise of welded line pipe International Trade Administration. The final results are being amended to correct the ministerial error. An error was also discovered regarding Hyundai Steel Company assessment rates calculated. a revised weighted average dumping margin is the end result of the correction of the error.
Importer specific “ad valorem duty” assessed rates based on the relevant ratio of amount of dumping calculated in regards to the reported and subject sales of the entered value. Hyundai Steel did not report a value. The companies that did not receive an individual review will have an assessment rate that was calculated regarding the average of the deposit rates calculated for Hyundai Steel and SeAH.
Significance
When an importer sells items at lower than normal or fair value, they increase a competitive advantage so much it becomes a disproportionate bargaining power for one entity, this reduces competition as domestic participants may not be able to arrive at a similar price legally.
It is important that imports are regulated to avoid supporting crimes such as fraud and money laundering, regulation of imports helps deter illegal activities.
When prices increase on imports, it increases the costs on suppliers. Suppliers receiving higher costs may pass these price increases to consumers in order to compensate.
International trade is important as it allows countries to work together and support distant economies, creating jobs, wealth, and international cooperation.
Entrepreneurs should be aware of changing regulations as they are a big component of barriers to entry. If a regulation changes rules significantly, than it can be either a challenge or opportunity for entrepreneurs hoping to enter a market.
Changes in commercial environment within an industry can impact participants in difference ways. Some changes may be easy to adjust to, some may change an industry significantly. Market Leaders have a separate team to monitor and plan management actions in the legal and regulatory environment.
Disclaimer
THIS IS NOT LEGAL ADVICE. THIS IS COMMENTARY ON REGULATION.
Regulations can be a source of opportunity, as they make a major part in the determination of barriers to entry. An industry or practice is difficult to enter if there is a significant amount of regulative procedures and requirements, versus when restrictions are removed an opportunity may be presented. In this way we are doing our small part to encourage an informed people.
We start from modest beginnings but continue to identify, develop, and research opportunity and strategy for entrepreneurs, to better develop business ideas.
New Creative Solution 