BFHP Bass Fishing News
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BFHP Bass Fishing News |
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FOR IMMEDIATE RELEASE
CONTACT: Steve Fleming
Director of Communications
Mercury Marine
Phone: 920-929-5340
Fax: 920-926-2346
Email: steve_fleming@mercmarine.com
FOND DU LAC,
The Commerce Department’s determination – issued Thursday as the International Trade Commission staff was conducting its initial conference in
Mercury’s petition provides evidence that Japanese outboard-engine companies have engaged in illegal pricing activities in the
A final ruling against the Japanese companies could result in import duties being imposed. The International Trade Commission is expected to announce a preliminary determination by Feb. 23.
Mercury Marine presented evidence at the ITC conference that Japanese underselling has resulted in a rapid increase in foreign market share, material harm to American companies and workers, and the threat of future injury. Additional evidence illustrated that Japanese underselling has suppressed and depressed domestic prices, and that price undercutting by Japanese engine companies has been especially aggressive with large boat builders and boat dealers.
“We are certainly gratified the Commerce Department’s initial review determined there was sufficient evidence to warrant a full investigation,” said Patrick C. Mackey, president of Mercury Marine. “However, we deeply regret that our Japanese competitors are encouraging Yamaha partners to divert attention away from the dumping issue by making unsupported derogatory comments, while the Commerce Department is beginning its investigation into the dumping.
“We reiterate that this is not an action that was undertaken lightly, but it is an issue that must be resolved. We feel a responsibility to our customers, shareholders and employees to bring to light activities contrary to
Mercury Marine is a division of Brunswick Corporation.
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