Canadian government has slapped up to 58 percent anti-dumping duties on Pakistani steel exporters – a move that rarely happened for the country that often takes such measures to protect its local metal producers.
Canada Border Services Agency imposed provisional duty on imports of carbon steel welded pipe from Pakistan after its inquiry found that the dumping “caused injury or is threatening to cause injury to the domestic (Canadian) industry”.
“Provisional duties will now be payable on the subject goods that are released from customs on or after October 18, 2018,” the agency said in a statement. The provisional duty was imposed at 10.1 percent for International Industries Limited (IIL) and 58 percent for other exporters in Pakistan.
“Despite this, there is no financial exposure to IIL for any of our exports to date to Canada,” International Industries said in a statement to the Pakistan Stock Exchange. “Although our sales to Canada continue for the time being, there may be a slowdown in sales depending to the final injury findings issued by CITT (Canadian International Trade Tribunal) in February 2019.”
https://www.thenews.com.pk/print/391331-canada-slaps-anti-dumping-duties-on-pakistani-steels
Canada Border Services Agency imposed provisional duty on imports of carbon steel welded pipe from Pakistan after its inquiry found that the dumping “caused injury or is threatening to cause injury to the domestic (Canadian) industry”.
“Provisional duties will now be payable on the subject goods that are released from customs on or after October 18, 2018,” the agency said in a statement. The provisional duty was imposed at 10.1 percent for International Industries Limited (IIL) and 58 percent for other exporters in Pakistan.
“Despite this, there is no financial exposure to IIL for any of our exports to date to Canada,” International Industries said in a statement to the Pakistan Stock Exchange. “Although our sales to Canada continue for the time being, there may be a slowdown in sales depending to the final injury findings issued by CITT (Canadian International Trade Tribunal) in February 2019.”
https://www.thenews.com.pk/print/391331-canada-slaps-anti-dumping-duties-on-pakistani-steels
