Canada Investigates Vietnamese Copper Dumping Allegation

by Mike Godfrey, Tax-News.com, Washington

02 November 2017

Canada has launched an inquiry into allegations that Vietnamese companies are "dumping" certain copper products in the Canadian market, propped up by unfair subsidies.

Dumping occurs when good are sold into a foreign market at below the prevailing market rate in the exporter's domestic market. Countries can respond by levying taxes on imports to prevent unfair competition for their domestic producers, known as anti-dumping duties. To counteract unfair subsidies, countries may also introduce countervailing duties.

The preliminary injury inquiry was launched by the Canadian International Trade Tribunal. It must determine by December 27, 2017, whether there is a reasonable indication that the alleged dumping and subsidies have caused injury to Canadian producers. If it finds in the affirmative, the Canada Border Services Agency (CBSA) will resume its investigations and issue preliminary determinations by January 25, 2018. After such, the Tribunal would then initiate a final injury inquiry. Duties would then be announced and imposed.

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