PR140629 - Fastmarkets Subscription

The Canada Border Services Agency has a requirement to conducts Anti-Dumping and Countervailing investigations under the Special Import Measures Act (SIMA), to protect Canadian industries from injury caused by the dumping and subsidizing of imported goods. Dumping occurs when goods are sold to importers in Canada at an “export price” that is lower than the “normal value”. The normal value is typically the selling price of comparable goods in the country of export or the cost of the goods plus an amount for profit. The amount of dumping on imported goods may be offset by the application of "anti-dumping" duty. Subsidizing occurs when goods imported into Canada benefit from foreign government financial assistance. The amount of subsidizing on imported goods may be offset by the application of "countervailing" duty. Following a positive determination of dumping and/or subsidizing from an investigation, and a positive injury finding from the Canadian International Trade Tribunal (CITT), the CBSA enforces the CITT’s finding through the collection of anti-dumping and countervailing duties. These duties offset the price advantage caused by dumping or subsidizing and give Canadian industry an opportunity to compete fairly with the imported goods. The CBSA also conducts other proceedings to effectively enforce the CITT’s finding. These include but are not limited to re-investigations, normal value reviews and expiry reviews. In order to conduct investigations and other proceedings, officers analyze market information and pricing data specific to certain products and regional markets that are subject to CITT findings. These products include, but are not limited to: Cold-rolled steel sheet, Concrete reinforcing bar (rebar), Oil country tubular goods, Piling pipe, Silicon metal, Steel plate and Sucker rods. The information and pricing data available in the subscription contribute to the analyses made for a variety of decisions made under the SIMA.