U.S. Department of Commerce Announces Preliminary Finding That Phosphate Fertilizer Imports from Morocco and Russia Benefit from Countervailable Subsidies
The U.S. Department of Commerce announced today that it preliminarily found that phosphate fertilizer imports from Morocco and Russia benefit from countervailable subsidies. Commerce calculated a subsidy rate of 23.46 percent for Moroccan producer OCP. In the Russia investigation, Commerce calculated rates of 20.94 percent and 72.5 percent for the PhosAgro and EuroChem respondent entities, respectively, and a rate of 32.92 percent for all other producers/exporters.
U.S. law provides remedies to American manufacturers against unfair and injurious foreign trade practices. Today’s ruling addresses countervailing duty petitions filed by The Mosaic Company on behalf of the U.S. phosphate industry to address government subsidies in Morocco and Russia that give their phosphate producers unfair cost advantages. These practices are causing significant harm to Mosaic’s operations and putting American farmers at risk for long-term dependence on foreign suppliers to meet critical crop nutrient needs.
Mosaic provides high quality, responsibly produced and competitively-priced products to its customers. We welcome the chance to demonstrate our value and fight fairly for every sale we make. However, we have not been operating on a level playing field in the U.S. market for years. Today’s finding brings us one step closer to the vigorous competition and fair trade we expect.
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