OTTAWA, Aug. 13 /CNW Telbec/ - Today the Canada Border Services Agency
(CBSA) announced the initiation of its investigations into the alleged
injurious dumping and subsidizing of certain seamless carbon or alloy steel
oil and gas well casing, originating in or exported from the People's Republic
The investigations follow a complaint filed by TenarisAlgomaTubes Inc. of
Calgary, Alberta. The company alleges that the dumping and subsidizing of the
goods in question are harming Canadian production by causing lost sales, price
erosion, price suppression, lost revenues, reduced profitability, lost
employment, underutilization of capacity and impairment to make future
investments. 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 protects Canadian producers from the damaging effects of
such unfair trade.
The Canadian International Trade Tribunal will now begin a preliminary
inquiry to determine whether the imports are harming Canadian producers. The
Tribunal will issue a decision by October 12, 2007. 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 9, 2007.
If there is a large increase in harmful imports and the Tribunal decides
that retroactive application of anti-dumping or countervailing duty is
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 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,