Title

The U.S. Department of Commerce (DOC) recently concluded that unfair trade subsi

Authors

Jeffrey Bouley

Source

Mainebiz

Date

5-28-2007

Pages

1, 6

Abstract

The U.S. Department of Commerce (DOC) recently concluded that unfair trade subsidies exist for Chinese manufacturers of coated paper. The result were stiff federal taxes on coated paper imports from China, South Korea and Indonesia. The impact of the taxes, called "countervailing duties," or CVDs, on Maine's paper industry remains to be seen. Tony Lyons, spokesman for NewPage's Rumford Mill, which makes coated paper, speculates it will be good for Maine, which produces a lot of coated paper. NewPage, along with Sappi Fine Paper North America and Verso Paper, together produce 7,149 tons of coated paper a day at four mills. Details.

Subjects

Paper industry, Taxation

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