Mexico: Grim repercussions loom if anti-dumping petition succeeds

Mexico Energy Secretary Luis Téllez said he is confident that an anti-dumping petition targeting his country, Venezuela, Saudi Arabia, and Iraq by a group of independent U.S. producers would be rejected by the U.S. International Trade Commission, but he also painted a bleak scenario should the petition be successful (see related articles on this page and p. 32)."We have put together a group of lawyers and experts with Venezuela and Saudi Arabia-we have had no contact with Iraq-and we are confident that we have all the elements necessary to prove that we are not selling below the normal price," Téllez said at a July 13 press conference in Mexico City.Dumping claims rebuffedTe...

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