The US government is to announce the first of its findings into allegations cheap Spanish olives are being dumped into the market next month.
Following complaints from the US olive industry cheap Spanish imports are flooding the market, the United States International Trade Commission (USITC) said there is a “reasonable indication” American companies is being “materially injured.”
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It made the announcement after examining allegations imports of ripe olives from Spain are subsidised and sold in the US at less than fair value.
As a result of its determinations, the US Department of Commerce is conducting an antidumping and countervailing duty investigations on imports of olives from Spain, with its preliminary countervailing duty determination due on or about 15 September and its antidumping duty determination due on or about 29 November.
The USITC public report, Ripe Olives from Spain, which contains information developed during the investigations, will be available after 5 September.
The report followed the filing of a petition by the Coalition for Fair Trade in Ripe Olives, which represents the nation’s ripe olive industry, seeking relief from unfairly priced and subsidised olive imports from Spain.
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By GlobalDataThe petition requested the US Department of Commerce and the US International Trade Commission investigate the import practices and impose anti-dumping and countervailing duties on Spanish ripe olives.
Tim Carter, CEO of US olive supplier Bell-Carter Foods, said: “Dumped and subsidised Spanish ripe olives are severely impacting our industry.”
