"DEPARTMENT OF COMMERCE ANNOUNCES
MARKET ECONOMY STATUS FOR THE RUSSIAN FEDERATION"
Today the Department of Commerce's Import Administration announced its
determination that the Russian Federation has made the transition to a
market economy for purposes of the U.S. antidumping and countervailing duty
laws. This decision is the culmination of a nine-month, public investigation
conducted under U.S. law.
The effective date for Russia's graduation is April 1, 2002. As a result
of the Department's finding, the U.S.-countervailing duty law will now apply
to Russia. Furthermore, the Department will now use the standard market
economy methodology in antidumping cases once a sufficient period of time
has passed so that adequate market economy data is available.