The Mosaic Company has filed petitions with the US Department of Commerce and the US International Trade Commission that request the initiation of countervailing duty investigations into imports of phosphate fertilizers from Morocco and Russia.
The company took this action because it claims that large volumes of unfairly subsidised imports from Morocco and Russia are causing significant harm to its operations.
The purpose of the petitions is to remedy the distortions that foreign subsidies are causing in the US market for phosphate fertilizers, and thereby restore fair competition.
"Mosaic believes in free trade and vigorous competition, and we believe we should compete on a level playing field," said Mosaic President and CEO Joc O'Rourke. "The duties we are seeking will help ensure that North American farmers can rely on the American phosphate industry to supply critical fertilizers for the long term."
The US Department of Commerce and the US International Trade Commission will consider the petitions and determine the next steps, which typically involve extensive administrative investigations.
Read the article online at: https://www.worldfertilizer.com/phosphates/29062020/mosaic-seeking-countervailing-duty-investigations-into-phosphate-fertilizer-imports-from-morocco-and-russia/
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