The key to adapting to the rapid fire events in the wood import industry in the last year has been the ability to be nimble and ready to embrace change. That certainly was the case on November 5th when the U.S. International Trade Commission voted by a 5-0 vote to find no injury to domestic industry in the final phase of its antidumping and countervailing duty investigations on hardwood and decorative plywood from the People’s Republic of China.
What that vote means is there will be no antidumping (AD) and countervailing duty (CVD) orders imposed on imports of hardwood and decorative plywood from China into the U.S. By the time you read this, the written decision will have been published in the Federal Register sometime around November 25th. That will start the clock ticking on a possible appeal, which must be made within 30 days. Meanwhile, the Commerce Department will also publish a notice terminating the case and instruct CBP to release all AD and CVD duty deposits. Be sure to check out iwpawood.org for updates on when these documents are published.
The domestic industry petitioners can appeal the ITC decision to the Court of International Trade. The mandatory respondents can also appeal the decision of the Department of Commerce – but that would be put on the back burner (stayed) until the Court rules on the ITC decision. Confused yet? The bottom line is that no duties will be collected during any appeal – which could take a year or two. If the ITC decision is overturned, the duties wouldn’t be retroactive.
Another bit of big news is that the California Air Resources Board (CARB) is holding a workshop on November 20th to get input on a new draft of the CARB rules for formaldehyde emissions on composite wood products. So now our industry has new proposed U.S. EPA rules and new proposed CARB rule changes to keep an eye on. Both agencies are looking to expand the current program to cover those who laminate. If you sell, import or manufacture these products you need to be paying attention.
IWPA will have a deep dive into both proposed regulations at the next IWPA Convention in St. Petersburg, Florida on March 5-7, 2014. We have invited CARB and EPA to discuss the proposals in depth. We are also excited to announce that we will have John Spence, the author of Awesomely Simple, present the keynote address, “Excellence in the New Normal.” During his keynote, John will share global best practices around the ideas of embracing change, business excellence, and creating a culture of accountability and disciplined execution. John will also conduct an afternoon breakout workshop, “Leader of the Future” that is focused on the key characteristics that high potential employees look for in a leader they would willingly follow. Based on proprietary research that John conducted, he will explore the seven critical characteristics that top talent looks for in an effective and successful leader. This is an excellent session for both current and emerging leaders.
As you look to make changes to your business plan in the new year, let IWPA help you get started on the right path. Learn to embrace change at the IWPA Convention. Register by December 20th to get the early bird discount.
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