Samsung Statement on US Department of Commerce Preliminary Decision
RIDGEFIELD PARK, N.J., July 30, 2012 /PRNewswire/ -- The U.S. Department of Commerce has preliminarily found that Korean manufacturers may have sold washers with comparatively low prices in the U.S. market. Consequently, the Department's preliminary antidumping margins of 9.62 percent in Korea will be imposed on Samsung. The Department also announced antidumping margins for Mexico; however, Samsung is unaffected by this decision as Samsung no longer produces washers in Mexico.
The following is a statement that may be attributed to "a Samsung spokesperson:"
"Samsung is disappointed with the U.S. Department of Commerce's preliminary finding of an antidumping margin on its imports of large residential washers. Samsung strongly disagrees with this finding, and it is confident that once the final phase of the investigation is completed, the Department of Commerce will determine that Samsung has not engaged in dumping and is in compliance with U.S. trade laws.
The preliminary margin is based on the Department's use of two flawed calculation methodologies known as 'targeted dumping' and 'zeroing.' Zeroing has been found in several instances to violate the World Trade Organization rules upon which U.S. laws are based. The use of this methodology created an antidumping margin where dumping did not, in fact, occur. Targeted dumping employs zeroing and is equally prohibited under the WTO's rules. Therefore, we are disappointed that the Commerce Department continues to use zeroing, which it has eliminated in several other contexts as a result of the WTO's decisions. Other aspects of the targeted dumping finding are also arbitrary and unlawful.
Samsung's market leadership is built upon our innovative technologies and products, which satisfy the highest standards in design, performance and quality. We expect our business to continue to thrive due to our delivery of an excellent product experience to consumers."
About Samsung Electronics America, Inc.
Samsung Electronics America, Inc. (SEA), based in Ridgefield Park, NJ, is a subsidiary of Samsung Electronics Co., Ltd. The company markets a broad range of award-winning consumer electronics, information systems, and home appliance products, as well as oversees all of Samsung's North American operations including Samsung Telecommunications America, LP, Samsung Semiconductor Inc., Samsung Electronics Canada, Inc. and Samsung Electronics Mexico, Inc. As a result of its commitment to innovation and unique design, the Samsung organization is one of the most decorated brands in the electronics industry. The company was ranked #19 in BusinessWeek/Interbrand "100 Best Global Brands," and named as one of Fast Company's "50 Most Innovative Companies of 2010." For more information, please visit www.samsung.com. You can also Fan Samsung on www.Facebook.com/SamsungUSA or follow Samsung via Twitter @SamsungTweets.
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