Canada initiates anti-dumping probe into Vietnam steel
Canada would look into steel products from four countries including Vietnam with the doubt that those imports harm Canadian producers.
The Canada Border Services Agency (CBSA) has launched an investigation under the suspicion of carbon steel welded pipes from Vietnam, the Philippines, Pakistan, and Turkey being sold at unfair prices in the North American country.
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Both CBSA and the Canadian International Trade Tribunal (CITT) shake hand to conduct the investigation with the CITT making inquiry on whether the imports are harming their domestic manufacturers.
CITT is scheduled to conclude the probe on September 18 while the CBSA will announce its preliminary decision one month later.
Investigators opened the case following a complaint filed by Novamerican Steel Inc. The Canada-based steel firm alleges price undercutting from those four countries has hurt the Canadian steel industry.
The North American country is applying 101 special import measures for numerous industrial and consumer products to protect its labor market and domestic economy.
Statistics show that Canadian steel sector generated some 23,000 jobs last year and contributed around CAD4.2 billion to the country’s economy. Meanwhile, the aluminum industry employed 10,500 workers, adding some CAD4.7 billion to the state budget.
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