International Trade Administration Act: Export control: Comments invited (Gazette 37999 Notice 815)

19th September 2014 By: Asha Ramsaran

In September 2013, the Commission introduced a Price Preference System (PPS) pursuant to which it would not allow the exportation of scrap metal unless it had first been offered for sale to the domestic scrap consuming industry with the intention to domestically beneficial such scrap metal. Under the PPS, exporters are required to offer scrap metal at 20% below the international benchmark price.