OTTAWA, Aug. 24 /CNW Telbec/ - The Canada Border Services Agency (CBSA)
announced today that it is initiating investigations into the alleged
injurious dumping and subsidizing of certain oil country tubular goods
originating in or exported from the People's Republic of China.
The investigations follow a complaint filed by Tenaris Canada of Calgary,
Alberta; Evraz Inc. NA Canada of Regina, Saskatchewan; and Lakeside Steel
Corporation of Welland, Ontario. The complainants allege that the dumping and
subsidizing of these goods are harming Canadian production by causing the
following: lost sales, price erosion, price suppression, lost revenues,
reduced gross margins, reduced profitability, loss of market share, loss of
employment, reduced returns on investment and underutilization of capacity.
Dumping occurs when goods are sold to importers in Canada at prices that
are less than their selling prices in the exporter's domestic market or at
unprofitable prices. Subsidizing occurs when goods imported into Canada
benefit from foreign government financial assistance. The Special Import
Measures Act (http://laws.justice.gc.ca/en/S-15/index.html) protects Canadian
producers from the damaging effects of such unfair trade.
The Canadian International Trade Tribunal
(http://www.citt.gc.ca/index_e.asp) will now begin a preliminary inquiry to
determine whether the imports are harming Canadian producers and will issue a
decision by October 23, 2009. While the Tribunal is examining the question of
injury, the CBSA will investigate whether the imports are being dumped and/or
subsidized, and will make a decision by November 23, 2009.
If the Tribunal determines that an unusually large increase in harmful
imports has occurred prior to the CBSA's decision and that the retroactive
application of anti-dumping or countervailing duty is therefore justified,
duty could be levied on the goods brought into Canada as of today.
A copy of the statement of reasons, which provides more details about
these investigations, will be available on the CBSA's Web site at
www.cbsa.gc.ca/sima-lmsi within 15 days. More information on the CBSA's
Anti-dumping and Countervailing Program or the Special Import Measures Act can
also be found on this site.
For further information:
For further information: Media Relations, Canada Border Services Agency,