The CBSA Investigates the Dumping and Subsidizing of Certain Stainless Steel Sinks
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 10/27/11 -- The Canada Border Services Agency (CBSA) announced today that it is initiating investigations into the alleged injurious dumping and subsidizing of certain stainless steel sinks originating in or exported from the People's Republic of China.
The investigations follow a complaint filed by Novanni Stainless Inc., of Coldwater, Ontario, and Franke Kindred Canada Limited, of Midland, Ontario. The complainants allege 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 protects Canadian producers from the damaging effects of such unfair trade.
The will now begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by December 28, 2011. 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 decision by January 25, 2012.
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.
The Statement of Reasons, which provides more details about these investigations, will be available on the CBSA's Web site at 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.
Contacts:
Media Relations
Canada Border Services Agency
613-957-6500
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Unternehmensinformation / Kurzprofil:
Datum: 27.10.2011 - 18:00 Uhr
Sprache: Deutsch
News-ID 81188
Anzahl Zeichen: 3541
contact information:
Town:
OTTAWA, ONTARIO
Kategorie:
Government & Administration
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"The CBSA Investigates the Dumping and Subsidizing of Certain Stainless Steel Sinks"
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