{"id":28279,"date":"2015-03-13T16:45:56","date_gmt":"2015-03-13T20:45:56","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/03\/schumer-inadequate-trade-protections-are-hurting-companies-like-finch-paper.html"},"modified":"2015-03-13T16:45:56","modified_gmt":"2015-03-13T20:45:56","slug":"schumer-inadequate-trade-protections-are-hurting-companies-like-finch-paper","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/03\/schumer-inadequate-trade-protections-are-hurting-companies-like-finch-paper\/","title":{"rendered":"Schumer: Inadequate Trade Protections Are Hurting Companies Like Finch Paper"},"content":{"rendered":"
\n
\n\"finch\n<\/div>\n
Sen. Charles Schumer says Finch Paper is subject to “predatory trade practices.”\n<\/div>\n<\/div>\n

U.S. Sen. Charles E. Schumer joined Finch
\nPaper workers and Warren County officials last
\nmonth to urge the International Trade Commission
\n(ITC) to protect Finch against “predatory
\ntrade practices.”<\/p>\n

Finch has indicated that foreign companies
\nare dumping artificially cheap paper products
\ninto the U.S. market, which has resulted in the
\nloss of millions of dollars’ worth of sales for
\nFinch and made it difficult for them to compete.<\/p>\n

Schumer noted that Finch Paper is one of
\nthe largest employers in Glens Falls, employing
\nover 600 people, and a major piece of the local
\neconomy, with an economic impact of more than
\n$370 million per year, and he said everything
\npossible must be done to protect it.
\n“We cannot sit idly by and let foreign competitors
\nwho are not playing by the same rules
\nundermine one of Glens Falls’ biggest employers.
\nFinch Paper is a major driver of the local
\neconomy, so any indication that sales might be
\ndeclining as a result of unfair practices is both
\na cause for concern and a call to action,” said
\nSchumer. “Finch provides high-quality products
\nand hundreds of good-paying jobs, but anticompetitive
\npractices from foreign producers are
\nbecoming a real threat. The International Trade
\nCommission and the Department of Commerce
\nneed to thoroughly investigate these practices
\nand crack down on trade cheats to put U.S.
\nproducers like Finch on a level playing field.
\nWhen up against fair competition, I know Finch
\nwill win.”<\/p>\n

Schumer said the ITC, an independent
\nfederal agency tasked with investigating cases
\ninvolving imports claimed to injure a domestic
\nindustry, has launched an investigation into whether U.S. paper
\ncompanies have been materially injured as a result of uncoated paper
\nimports from China, Indonesia, Australia, Brazil,
\nIndonesia and Portugal, and the ITC is considering
\ntaking action.<\/p>\n

“We are asking our government to level
\nthe playing field for our business and our
\nemployees,” said Finch Paper President and
\nCEO Debabrata Mukherjee. “Every single day
\nwe are confronted in the U.S. paper market by
\nbargain-basement pricing from foreign manufacturers
\nwho operate with subsidies from their
\ngovernments.”<\/p>\n

Because it is increasingly difficult for companies
\nlike Finch to compete with foreign competitors
\nwho seek to expand their U.S. market share by implementing anticompetitive pricing
\npractices, or who benefit from foreign government
\nsubsidization, Schumer called on the ITC
\nto enforce current antidumping duty laws and
\nconduct a thorough preliminary investigation
\naimed at protecting U.S. industry.<\/p>\n

Schumer said in January, the ITC informed
\nFinch Paper and other U.S. paper making
\ncompanies that it would be commencing an
\nantidumping and countervailing investigation
\nto determine whether the U.S. paper industry
\nhas been threatened by uncoated paper imports
\nfrom companies in China, Indonesia, Australia,
\nBrazil, Indonesia and Portugal.<\/p>\n

On the heels of this news, Schumer urged
\nthe ITC to thoroughly analyze the impact of
\nthese foreign products on U.S. producers like
\nFinch and do all it can to protect uncoated
\npaper manufacturers and their workers from
\npredatory trade practices.<\/p>\n

According to Finch, the company has seen
\nthe loss of millions of dollars in sales over the
\npast 18 months that it directly attributes to
\nunfairly priced imports. Schumer said that
\nwhile paper imports from foreign companies in
\ncountries like China increased 44 percent from
\n2011 to 2013 and another 40 percent from 2013
\nto 2014, the U.S. market has been shrinking 3
\nto 4 percent annually over the past few years.<\/p>\n

During this time, officials said, shipments of
\nuncoated paper from U.S. manufacturers declined
\nby approximately 8 percent from 2011 to 2013, and another 9 percent from 2013 to 2014.
\nSchumer said the ITC should consider the
\ninformation that the U.S. industries have presented.<\/p>\n

The antidumping and countervailing
\nduty investigations will determine whether
\nforeign producers are being unfairly subsidized
\nby foreign governments and whether they are
\nusing predatory pricing practices to sell their
\nproducts at less than fair value.<\/p>\n

Such anticompetitive practices are often
\nused to edge U.S. companies out of the market.
\nThese investigations could lead to the U.S. imposing
\nduties to combat anticompetitive pricing
\nand level the playing field for U.S. producers.<\/p>\n

Schumer said if the ITC makes an affirmative
\ndetermination, the case will move to the Department
\nof Commerce, which will determine if duties
\nshould be issued to protect the US industry.<\/p>\n

The U.S. has issued nearly 140 antidumping
\nand countervailing duty orders in force against
\nproducers in China, five times the number of
\nduty orders against any other country.<\/p>\n

In addition to its local employees, Finch officials
\nsay the company is indirectly responsible
\nfor 2,200 jobs across the Capital and North Country
\nregions, and has a total estimated economic
\nimpact of more than $370 million per year.<\/p>\n

Finch partners with seven union locals to
\nmanufacture uncoated printing papers for
\ncorporate marketing materials, direct mail,
\nbook publishing, transactional documents, and
\nbusiness offices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sen. Charles Schumer says Finch Paper is subject to “predatory trade practices.” U.S. Sen. Charles E. Schumer joined Finch Paper workers and Warren County officials last month to urge the International Trade Commission (ITC) to protect Finch against “predatory…<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[66,91],"yoast_head":"\r\nSchumer: Inadequate Trade Protections Are Hurting Companies Like Finch Paper - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/03\/schumer-inadequate-trade-protections-are-hurting-companies-like-finch-paper\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Schumer: Inadequate Trade Protections Are Hurting Companies Like Finch Paper - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Sen. 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