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Abstract

This Note will examine the applicability of the countervailing duty law to nonmarket economies. Part I will review the legislative history of the countervailing duty statute and its judicial and administrative interpretations. Part II will discuss the Commerce Department rulings, the Court of International Trade's reversal of these rulings in Continental Steel Corp. v. United States and the Federal Circuit's reversal of the CIT. Finally, Part III will analyze both approaches to the issue. This Note will conclude that the counterveiling duty law should apply to goods from nonmarket economies.

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