Federal Register / Vol. 62, No. 200 / Thursday, October 16, 1997 / Notices 53807

DEPARTMENT OF COMMERCE

Foreign-Trade Zones Board

(Docket 74–97)

Proposed Foreign-Trade Zone; Dublin,

Virginia Area; Application and Public

Hearing

An application has been submitted to

the Foreign-Trade Zones (FTZ) Board

(the Board) by the New River Valley

Economic Development Alliance, Inc. (a

Virginia not-for-profit corporation), to

establish a general-purpose foreign-trade

zone in the Dublin (Pulaski County),

Virginia area. Designation of the New

River Valley Airport as a Customs user

fee airport has been requested under a

separate application to the U.S. Customs

Service. The FTZ application was

submitted pursuant to the provisions of

the Foreign-Trade Zones Act, as

amended (19 U.S.C. 81a–81u), and the

regulations of the Board (15 CFR part

400). It was formally filed on October 8,

1997. The applicant is authorized to

make the proposal under Sections 62.1–

159 to 62.1–162 of the Code of Virginia.

The proposed zone site (50 acres) is

located at the New River Valley Airport

on Virginia Route 100, north of Dublin,

Virginia. Facilities (20,000 sq. ft.) are

available for FTZ warehousing activity.

The site also includes the airport’s jet

fuel systems. It is owned by the New

River Valley Airport Commission.

The application contains evidence of

the need for foreign-trade zone services

in the New River Valley, Virginia area.

Several firms have indicated an interest

in using zone procedures within the

proposed project for warehousing/

distribution activity. Specific

manufacturing approvals are not being

sought at this time. Requests would be

made to the Board on a case-by-case

basis.

In accordance with the Board’s

regulations, a member of the FTZ Staff

has been designated examiner to

investigate the application and report to

the Board.

As part of the investigation, the

Commerce examiner will hold a public

hearing on November 13, 1997, 9:00

a.m., New River Community College,

Route 100 North, College Drive,

Edwards Hall, Room 117, Section C,

Dublin, Virginia 24084.

Public comment on the application is

invited from interested parties.

Submissions (original and 3 copies)

shall be addressed to the Board’s

Executive Secretary at the address

below. The closing period for their

receipt is December 15, 1997. Rebuttal

comments in response to material

submitted during the foregoing period

may be submitted during the subsequent

15-day period (to December 30, 1997).

A copy of the application and

accompanying exhibits will be available

during this time for public inspection at

the following locations:

New River Community College, Route

100 North, College Drive, Edwards

Hall, Room 221, Dublin, VA 24084

Office of the Executive Secretary,

Foreign-Trade Zones Board, Room

3716, U.S. Department of Commerce,

14th & Pennsylvania Avenue, NW,

Washington, DC 20230

Dated: October 9, 1997.

John J. Da Ponte, Jr.,

Executive Secretary.

[FR Doc. 97–27470 Filed 10–15–97; 8:45 am]

BILLING CODE 3510–DS–P

DEPARTMENT OF COMMERCE

International Trade Administration

[A–834–802, A–835–802, A–844–802]

Agreement Suspending the

Antidumping Investigation on Uranium

From Kazakstan, Kyrgyzstan and

Uzbekistan

AGENCY: Import Administration,

International Trade Administration,

U.S. Department of Commerce.

ACTION: Notice of price determination on

Uranium from Kazakstan, Kyrgyzstan

and Uzbekistan.

SUMMARY: Pursuant to Section IV.C.1. of

the antidumping suspension agreement

on uranium from Kazakstan,

Kyrgyzstan, and Uzbekistan, the

Department of Commerce (the

Department) calculated a price for

uranium of $12.35/pound for the

relevant period, as appropriate. On the

basis of this price, the export quota for

uranium pursuant to Section IV.B. of the

Kazakstani agreement, as amended on

March 27, 1995, is 500,000 pounds for

the period October 1, 1997, through

March 31, 1998. This price will also be

used, as appropriate, according to

Section 2.A. of the Uzbek agreement, as

amended. The quota for the next

relevant period for Uzbekistan, October

13, 1997–October 12, 1998, will be

announced separately due to the fact

that this quota will now be based on a

production-tied quota, in accordance

with Section 3.A. of that agreement.

EFFECTIVE DATE: October 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Karla Whalen or Cindy Sonmez, Office

of Antidumping Countervailing Duty

Enforcement—Group III, Import

Administration, International Trade

Administration, U.S. Department of

Commerce, 14th Street & Constitution

Ave., NW, Washington, DC 20230;

telephone: (202) 482–0408 or (202) 482–

0961, respectively.

Price Calculation

Background

Section IV.C.1. of the antidumping

suspension agreements on uranium

from Kazakstan, Kyrgyzstan, and

Uzbekistan specifies that the

Department will issue its determined

market price on October 1, 1997, and

use it to determine the quota applicable

to imports from Kazakstan during the

period October 1, 1997, to March 31,

1998, and Uzbekistan during the period

of October 13, 1997 to October 12, 1998.

Consistent with the February 22, 1993,

letter of interpretation, the Department

provided interested parties with the

preliminary price determination on

September 17, 1997.

Calculation Summary

Section IV.C.1. of these agreements

specifies how the components of the

market price are reached. In order to

determine the spot market price, the

Department utilized the monthly

average of the Uranium Price

Information System Spot Price Indicator

(UPIS SPI) and the weekly average of

the Uranium Exchange Spot Price (Ux

Spot). In order to determine the longterm market price, the Department

utilized the weighted-average long-term

price as determined by the Department

on the basis of information provided by

market participants and a simple

average of the UPIS U.S. Base Price for

the months in which there were new

contracts reported.

The Department’s letters to market

participants provided a contract

summary sheet and directions

requesting the submitter to report his/

her best estimate of the future price of

merchandise to be delivered in

accordance with the contract delivery

schedules (in U.S. dollars per pound

U3O8 equivalent). Using the information

reported in the proprietary summary

sheets, the Department calculated the

present value of the prices reported for

any future deliveries assuming an

annual inflation rate of 2.46 percent,

which was derived from a rolling

average of the annual GDP Implicit Price

Deflator index from the past four years.

The Department then calculated weightaveraged annual prices according to the

specified nominal delivery volumes for

each year to arrive at the long-term

contract price. The Department then

calculated a simple average of the UPIS

U.S. Base Price and the long-term