The OCP Group acknowledges todays’ final decision from the U.S. Department
The OCP Group acknowledges todays’ final decision from the U.S. Department of Commerce (DOC) to impose countervailing duties of 19,97% on U.S. imports of Moroccan phosphate fertilizers.
This decision is the culmination of a process initiated by the DOC in June 2020, in response to a petition filed with the Department and the US International Trade Commission (ITC) by OCP competitor The Mosaic Company, requesting the imposition of countervailing duties against OCP of more than 70%.
OCP notes that the countervailing duties announced would be applied only if the U.S. International Trade Commission (ITC), whose investigation runs in parallel with the investigation by the DOC, determines that imports of Moroccan phosphate fertilizers cause or threaten material injury to the US industry.
We continue to believe firmly that there are no grounds for imposing countervailing duties on Moroccan fertilizer imports, and we remain hopeful about the ITC's decision, which is expected in the coming weeks.
OCP continues to cooperate with the relevant US agencies, and we are deeply committed to remaining a valued and reliable partner to U.S. farmers.