KARACHI: Canada has imposed anti-dumping duty on import of steel products from Pakistan. The Canadian authorities have imposed the provisional anti-dumping duty ranging between 10 percent and 58 percent.
According to a notice to Pakistan Stock Exchange (PSX) on Thursday, International Industries Limited (IIL) said that the Canadian Border Services Agency (CBSA) and Canadian International Trade Tribunal) on July 20, 2018 commenced a preliminary injury and dumping duty against the import of circular welded steel pipe (CWSP) in the Canadian market from Pakistan, The Philippines, Turkey and Vietnam.
Subsequently on October 18, 2018, the CBSA announced its preliminary determination on margin of dumping on imports of CWSP from Pakistan and International Industrial Limited (IIL), the provisional duty was imposed at 10.1 percent for IIL and 58 percent for other exporters in Pakistan, the said provisional dumping margin is levied until the final determination is made by CBSA which is due in January 2019.
It said that there was no financial exposure to IIL despite this for any of our exports to due to Canada. “Although our sales to Canada continue for the time being, there may be a slowdown in sales depending to the final injury finding issued by CITT in February 2019,” it added.
The company further said that it had engaged experienced legal counsel both in Pakistan in Canada to aggressively contest the said injury initiated by CBSA and CITT and are confident of a positive outcome.