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CBSA assesses $1.8 million in anti-dumping duty to help protect Canadian Steel Producers

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CBSA assesses $1.8 million in anti-dumping duty to help protect Canadian Steel Producers

Canada NewsWire

OTTAWA, July 24, 2018 /CNW/ - The Canada Border Services Agency (CBSA) announced today retroactive assessments of anti-dumping duty on importations of steel rebar from Turkey under the Special Import Measures Act (SIMA). SIMA helps to protect Canadian producers from injurious dumping and is one of Canada's principal trade policy instruments.

On July 18, 2018, the CBSA issued assessments of anti-dumping duty against two importations of steel rebar from Turkey that arrived in Canada in 2017. The total amount of anti-dumping duty retroactively assessed by the CBSA was over $1.8 million.

Recent regulatory changes and allocated funding will allow the CBSA to continue to strengthen its capacity to investigate trade-related complaints, including those related to steel and aluminum.

The CBSA reminds exporters of goods subject to a SIMA finding that they must inform the CBSA of changes to their domestic prices, costs, and market conditions associated with the goods and should adjust their selling prices to Canada accordingly. Failure to do so may result in the retroactive assessment of anti-dumping duty under SIMA.

Quote

"The Government of Canada is working hard to ensure that Canada's trade remedy measures are properly enforced. SIMA measures currently help protect 27,000 Canadian jobs and $9.9 billion in Canadian production."

- The Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness

Quick Facts

  • On June 14, 2018 the CBSA implemented a new normal value review process to ensure that normal values and export prices in place accurately reflect current market conditions. This process gives the CBSA greater flexibility in responding to situations where prices charged in the exporter's domestic market are distorted. The CBSA is currently conducting two normal value reviews with respect to steel rebar exported to Canada from Turkey.
  • In 2017, the Canadian steel industry employed more than 23,000 Canadians and contributed $4.2 billion to Canada's gross domestic product (GDP).
  • The CBSA is responsible for the administration of SIMA, its purpose is to help Canadian producers who face unfair foreign competition by ensuring a level playing field.
  • Currently there are 101 special import measures in force, covering a wide variety of industrial and consumer products. These measures have directly helped to protect Canadian jobs and our economy.

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SOURCE Canada Border Services Agency

View original content: http://www.newswire.ca/en/releases/archive/July2018/24/c8815.html

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