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Further Measures to Protect Canadian Steel Workers and Industry

July 19, 2019

Finance Canada has announced further measures to protect Canadian steel workers and industry. These measures affect goods that are subject to safeguard surtax (not the surtax that was put into place after the US imposed surtax on imports of Canadian steel), as follows:

...Today, the Government is announcing further action to stand up for Canadian steel workers and producers. First, the Canada Border Services Agency (CBSA) will update its policy to allow anti-dumping levels to be reviewed more frequently, which will provide effective and up-to-date protection in the face of changing market circumstances. Other policy changes by the CBSA will also result in greater transparency. The CBSA and Global Affairs Canada are also taking steps to enhance the verification of steel import data. These measures build on the recent action taken by the Government to provide more flexibility to further protect Canadian workers from harmful import surges.

As well, the Government is introducing amendments to Canada’s trade remedy regulations. These new measures will soon be subject to consultations for 15 days following their pre-publication in the Canada Gazette, Part I. These regulatory amendments would provide greater flexibility to the CBSA to calculate appropriate levels of anti-dumping duties in situations where there are price distortions...

The entire notice is available on the Department of Finance website.

Source: CSCB; Department of Finance

 


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