Date of Initiation: 2 November 1999
Date of Completion of the Reassessment: 16 April 2000
Effective Date of Reassessed Countervailing Duty Rates:* 2 November 1999

*The Ministry's normal practice for new shipper reassessments is to set the effective date of any change to the rate or amount of countervailing duty as the date of initiation of the reassessment itself. This practice has been followed in this case.

Summary of Reassessment

The reassessment concluded that:

imports of canned peaches into New Zealand from Venus Growers are subsidised,

and therefore

countervailing duties on canned peaches imported or intended to be imported into New Zealand, and supplied by Venus Growers of Veria, Greece, should be reassessed to reflect the rate of injurious subsidisation.

The Ministry also considered whether it was necessary, as a result of this reassessment to reassess the generic rate of countervailing duty applicable to Greek canned peach suppliers other than those specified in the relevant schedule of countervailing duty rates. It was determined that this was not necessary and that the "generic rate" should remain unchanged.

Likewise, the Ministry considered whether it was necessary to reassess the generic rate of countervailing duty applicable to EU canned peach suppliers other than those specified in the relevant schedule of countervailing duty rates. It was determined that this was not necessary and that the "generic rate" should remain unchanged.

Reassessment Report:

Final reports on New Shipper Reassessments are not generally "published" however a non-confidential hard copy version is available on request from the Manager Trade Remedies [Contact details]

Reassessment of Countervailing Duties

The reassessed rate of countervailing duty applicable to Venus Growers has been incorporated into the overall schedule of countervailing duty rates applicable to canned peaches from the member states of the European Union. The schedule forms part of the NZCS instruction relating to these goods which is available as shown below.

Further Information

Should there be any further information required or if there are any queries please contact the review team at the Trade Remedies Group on telephone 04-472-0030 or facsimile 04-499-8508. Enquiries by e-mail should be directed to traderem@med.govt.nz

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Printed: 11/10/2008

Date of Initiation:	2 November 1999
Date of Completion of the Reassessment:	16 April 2000
Effective Date of Reassessed Countervailing Duty Rates:*	2 November 1999