SCHEDULES

PART 5U.K.Undertakings

Acceptance of undertakingsU.K.

23(1)Where the TRA determines to recommend to the Secretary of State under paragraph 17(3) or (4) that an anti-dumping amount or a countervailing amount should be applicable to goods, the TRA may also recommend to the Secretary of State the acceptance of an undertaking in respect of the goods.U.K.

(2)In this Part, an “undertaking” means—

(a)in the case of the dumping of goods, an undertaking offered by an overseas exporter of the goods—

(i)to revise the overseas exporter's prices for export to the United Kingdom, or

(ii)to cease exports to the United Kingdom at prices which cause the goods to be dumped;

(b)in the case of subsidised goods—

(i)an undertaking offered by an overseas exporter of the goods to revise the overseas exporter's prices for export to the United Kingdom, or

(ii)an undertaking offered by a relevant foreign government to eliminate or limit the importation into the United Kingdom of the subsidised goods or to take other measures concerning its effects.

(3)“A relevant foreign government” means the government of a foreign country or territory—

(a)which granted one or more of the countervailable subsidies in question, or

(b)within whose territory is located a foreign authority which granted one or more of those subsidies.

(4)Regulations may make provision about—

(a)recommendations by the TRA under sub-paragraph (1);

(b)the acceptance of undertakings by the Secretary of State on such a recommendation.

(5)The regulations must secure that the TRA may request an undertaking in respect of goods only—

(a)at a time after it has made a provisional affirmative determination in relation to the goods, and

(b)if such other requirements as the regulations may specify are met.

(6)The regulations must secure that the TRA may recommend the acceptance of an undertaking in respect of goods to the Secretary of State only if it is satisfied that—

(a)the undertaking is sufficient to eliminate the injurious effect of—

(i)the dumping of the goods to a UK industry in those goods, or

(ii)the importation of the subsidised goods to a UK industry in those goods,

(b)acceptance of the undertaking meets the economic interest test (see paragraph 25), and

(c)it is appropriate to accept the undertaking.

(7)The regulations may make provision for the purposes of sub-paragraph (6)(c) about the circumstances where it is or is not appropriate to accept an undertaking.

(8)Those circumstances may include that the terms and conditions of an undertaking include provision for the provision of information to enable the monitoring of compliance with the undertaking.

(9)The regulations must require that if the Secretary of State accepts an undertaking, the Secretary of State—

(a)publishes a notice to that effect, and

(b)notifies interested parties (see paragraph 32(3)) accordingly.