OTTAWA, ONTARIO -- (Marketwire) -- 01/21/13 -- The Canada Border Services Agency (CBSA) announced today that it is initiating investigations into the alleged injurious dumping of certain galvanized steel wire from the People's Republic of China, the State of Israel, and the Kingdom of Spain, and the alleged injurious subsidizing of certain galvanized steel wire from the People's Republic of China.
The investigations follow a complaint filed by Tree Island Steel Ltd. of Richmond, British Columbia. The complainant alleges that the dumping and subsidizing of these goods are harming Canadian production by causing the following: loss of market share, loss of sales, price erosion, declining capacity utilization, reduction in employment, and declining revenues, margins, and profits.
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 (the Tribunal) will now begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by March 22, 2013. 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 preliminary decision by April 22, 2013.
Should the CBSA make a preliminary determination of dumping and/or subsidizing, the investigations will be continued for the purpose of making a final decision within 90 days after the date of the preliminary determination. If the CBSA's investigations reveal that imports of the subject goods have not been dumped or subsidized, that the margin of dumping or amount of subsidy is insignificant or that the actual and potential volume of dumped or subsidized goods is negligible, the investigations will be terminated.
Although duties to counteract dumping and subsidizing are normally only applied to goods released on or after the date of the CBSA's preliminary determination(s), 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 Directorate or the Special Import Measures Act can also be found on this site.
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Canada Border Services Agency
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