VOV.VN - The Canadian Border Services Agency (CBSA) has launched an anti-dumping probe and review into oil country tubular goods (OCTG) imported from India, Taiwan (China), Indonesia, the Republic of Korea, Thailand, Turkey, and Vietnam, according to the Trade Remedies Authority of Vietnam(TRAV).
The TRAV stated that the CBSA had imposed anti-dumping tax on OCTG imported from the Vietnamese market and a number of other countries since 2014, with tax rates of 37.4% being applied to Vietnam.
The purpose of the existing review is to re-determine the normal value and export price of imported items as a means of redefining the dumping margin.
The TRAV revealed that the alleged product is steel products used for oil pipelines coded HS 7304.29.00 and HS7306.29.00, with the investigation period being from January 1, 2021, to December 31, 2021.
Furthermore, according to preliminary data compiled by the International Trade Center (ITC), during the investigation period, the nation exported approximately US$13 million of these products to Canada.
As a means of dealing with the incident, the TRAV recommended that associations and related enterprises actively review OCTG export activities to Canada and work to gain greater insights into Canadian regulations and procedures for re-investigation.
Moreover, they have been advised to actively co-operate with the Canadian investigating agency and regularly exchange information with the TRAV to receive timely support.