IMPORTS AMOUNTED TO 9.8 % IN 1977 AND TO 16 % IN 1979 , INCREASING TO APPROXIMATELY 32.3 % IN 1980 ; WHEREAS THE TOTAL MARKET SHARE OF DUMPED IMPORTS INCREASED FROM 0 % IN 1979 TO 21.6 % IN THE FIRST SIX MONTHS OF 1980 , AND TO 23.9 % FOR THE SECOND HALF OF 1980 , I.E . BY 22.7 % FOR THE WHOLE YEAR ;
. WHEREAS THIS INCREASE IN DUMPED IMPORTS WAS ACCOMPANIED BY A SHARP DECREASE IN THE ALREADY DEPRESSED VINYL ACETATE MONOMER PRICES IN THE COMMUNITY , ESPECIALLY THE SECOND HALF OF 1980 ;
WHEREAS THE CONSEQUENT IMPACT OF THE INCREASED IMPORTS AND LOWER PRICES ACCENTUATED THE PRICE DEPRESSION AND LED TO A FURTHER REDUCTION OF MARKET SHARES HELD BY THE EEC PRODUCERS FROM 89.5 % IN 1977 TO 83.1 % IN 1979 , TO APPROXIMATELY 65.8 % IN 1980 ; WHEREAS SOME COMMUNITY PRODUCERS HAVE BEEN FORCED TO REDUCE THEIR PRODUCTION LEVELS SHARPLY ; WHEREAS OTHERS HAVE TRIED TO MAINTAIN REMAINING MARKET SHARES BY SELLING AT VERY LOW PRICES ;
WHEREAS ALL COMMUNITY PRODUCERS ARE STILL FORCED TO SELL AT PRICES WHICH ARE NOT SUFFICIENT TO RECOVER THE INCREASED COSTS AND ARE UNABLE TO REMEDY THIS SITUATION THROUGH A GREATER SHARE OF THE CAPTIVE MARKET PRODUCTION ; WHEREAS , AS A RESULT , ALL PRODUCERS ARE INCURRING LOSSES , WHICH IN SOME CASES ARE EXTREMELY HIGH ;
WHEREAS THE COMMISSION HAS CONSIDERED THE INJURY CAUSED BY OTHER FACTORS WHICH , INDIVIDUALLY OR IN COMBINATION , ARE ALSO AFFECTING THE COMMUNITY INDUSTRY ; WHEREAS IT HAS DETERMINED IN THIS CONTEXT THAT THE LEVEL OF DEMAND AND CONSUMPTION IN THE COMMUNITY IS STILL RELATIVELY STABLE IN SPITE OF CERTAIN MARKET FLUCTUATIONS ; WHEREAS , FURTHERMORE , THE VOLUME OF NON-DUMPED IMPORTS WAS RELATIVELY SMALL COMPARED TO TOTAL IMPORTS , AND REPRESENTED LESS THAN 13.1 % THEREOF IN THE LAST HALF OF 1980 OR 29.6 % FOR THE WHOLE YEAR ; WHEREAS THE INFLUENCE OF THESE NON-DUMPED IMPORTS ON THE VINYL ACETATE MONOMER MARKET HAS BEEN ISOLATED FROM THE DUMPED IMPORTS ; WHEREAS THE SUBSTANTIAL AND SUDDEN INCREASE OF IMPORTS OF DUMPED VINYL ACETATE MONOMER SINCE 1977 AND THE PRICES AT WHICH THEY WERE OFFERED FOR SALE IN THE COMMUNITY HAVE LED THE COMMISSION TO CONCLUDE THAT THE US EXPORTS OF DUMPED VINYL ACETATE MONOMER , CONSIDERED IN ISOLATION , HAVE CAUSED MATERIAL INJURY TO THE COMMUNITY INDUSTRY CONCERNED ;
WHEREAS , THEREFORE , PROTECTION OF THE COMMUNITY ' S INTERESTS CALLS FOR THE INTRODUCTION OF A DEFINITIVE ANTI-DUMPING DUTY ON VINYL ACETATE MONOMER ORIGINATING IN THE UNITED STATES OF AMERICA WHICH , HAVING REGARD TO THE EXTENT OF INJURY CAUSED , SHOULD BE EQUAL TO THE DUMPING MARGINS RECORDED , AND FOR THE DEFINITIVE COLLECTION , OF THE RATE OF THE PROVISIONAL DUTY , OF THE AMOUNTS SECURED BY WAY OF THAT DUTY ;
WHEREAS , PRIOR TO THE INTRODUCTION OF THE PROVISIONAL ANTI-DUMPING DUTY , THE COMMISSION ACCEPTED THE UNDERTAKING ENTERED INTO BY US