Fresh duties on Chinese castings By Canada
The Canadian government has announced that certain castings for oil & gas wells will face enhanced duty on imports. According to the Canadian Govt., Chinese products are subsidized by the government and sold at unfair prices in the Canadian market. It was decided to increase tariffs from 15 percent to 78 percent on certain imports from China.
CBSA began the anti-dumping and countervailing investigations after Calgary, Canada-based Tenaris Algoma Tubes Inc, filed a complaint. The company claimed certain imports from China "are harming Canadian industry by causing loss in sales, lost revenues, reduced profitability, lost employment, underutilization of capacity which was detrimental to the local industry.
Canada is the first country to initiate countervailing investigation into products made in China. It has, so far, initiated five anti-dumping and countervailing investigations on Chinese goods since 2004.
According to the Chinese Commerce Ministry, "Such frequent countervailing investigations of Chinese products by the Canadian government is conveying the wrong message to its industry and other World Trade Organization (WTO) members,".
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