Unit 14* International Trade

1. Read the extract from the article from the CNN Money website and complete the extract with the expressions listed.

countervailing              duties              assessed              take effect              dumping

penalty              commerce              increase              subsidizing

discretion              ruling              imports              dumped              market value

Bush Imposes Canadian Lumber Tariffs

Monterrey, Mexico (CNN) — The Bush administration Friday slapped average tariffs of 29 percent on Canadian softwood lumber...

Mary Crawford, chief spokesman for the ... (2) Department, told CNN the tariffs are due to ... (3) in mid-May, following a formal US International Trade Commission determination that Canadian softwood lumber imports are unfairly subsidized. The trade commission issued a preliminary ... (4) against Canada in May of 2001.

The tariffs, known as ... (5), will average 19.34 percent. These are to punish Canada for unfairly ... (6) its softwood lumber industry. A separate ... (7) of 9.6 percent will be applied to punish Canada for selling its softwood lumber at prices Crawford described as “below fair ... (8).” Together, the penalties will average 29 percent, Crawford said.

The United States imported $ 5.6 billion in softwood lumber from Canada in 2001, according to the Commerce Department. The new duties could significantly... (9) the prices U.S. consumers pay for homes, flooring, outdoor decks, and other products made with Canadian softwood.

Crawford said the duties are ... (10) based on a “scientific formula” and that the Commerce Department had “no ... (11)” once it was determined Canadian imports were illegally subsidized and being ... (12) on the U.S.

2. After filling in the gaps read the extract once more and decide which of the statements are True and which are False and write T for True and F for False.

1. The Bush administration imposed tariffs to protect Canadian lumber jobs.
2. The tariffs will come into force in mid-May.
3. The penalties will be applied to Canada for using high prices.
4. The consumers will have to pay less for the products made with Canadian softwood.              .
5. The Commerce Department had no choice because Canadian imports were illegally subsidized.

3. Give Russian equivalents and make up your own sentences:

• to shield producers;
• preliminary ruling;
• anti-dumping penalties;
• trigger;
• formal petition.

4. Translate the following sentences into Russian.

1. The duties were imposed under World Trade Organization procedures and arose after the ITC concluded that subsidized European steel resulted in lost jobs and profits for US steel makers.
2. The steel and lumber moves have prompted some US trading partners to question the Bush administration’s commitment to free trade, but a senior administration official said support for free trade policies can

only be sustained in Congress if the White House enforces existing agreements.

3. The duties will remain until the United States and Canada negotiate a new trade pact on softwood lumber.
4. US and Canadian negotiators here and in Washington sought to resolve the dispute up until the deadline.
5. The preliminary tariffs have already had a noticeable effect on softwood imports.

5. Render the extract from the article using the active vocabulary.

Вчера министр иностранных дел Великобритании Джек Стро заявил в палате общин, что правительство пересматривает свое отношение к поставкам оружия Израилю; это произошло после того, как выяснилось, что на оккупированные территории были введены танки с британскими комплектующими.

По словам Стро, заявки на экспорт в Израиль товаров, требующих лицензии, по-прежнему будут последовательно рассматриваться, однако теперь никто не будет брать в расчет заверения Израиля, что техника британского производства не будет использоваться на оккупированных территориях.

В прошлом месяце британскому правительству стало известно, что танки «Центурион» (Израиль приобрел их у Великобритании в период между 1958 и 1970 годами, а затем на их основе создал бронетранспортеры) были использованы на оккупированных территориях. И это несмотря на предоставленные Израилем в ноябре 2000 года письменные заверения в том, что военная техника британского производства на палестинских территориях не используется. Великобритания экспортирует военную технику на том условии, что она не должна использоваться для агрессии или внутренних репрессий.