The Canada Border Services Agency (CBSA) recently announced its decision to terminate an investigation of Erbosan Erciyas Boru Sanayii ve Ticaret AS from Turkey regarding the alleged dumping of carbon steel welded pipes. This has been a major development in the industry, and particularly for importers and exporters of steel pipes.
The CBSA commenced an investigation in June 2018 regarding the possible dumping of carbon steel welded pipe by Erbosan. The investigation was conducted under the authority of the Special Import Measures Act, with the purpose of protecting the domestic industry in Canada from unfair trade practices, such as dumping.
Dumping refers to the practice of selling goods in an importing country at a lower price than in the exporting country, which causes injury or harm to the domestic industry. The CBSA investigation aimed to determine whether Erbosan's steel pipes were being sold in Canada at prices below their normal value, and if so, whether this was causing harm to the domestic industry.
However, after a thorough investigation, the CBSA announced on January 16, 2019, that it had terminated the investigation. The CBSA investigation found no evidence that Erbosan's carbon steel welded pipes were being sold in Canada at prices that were less than their normal value.
This decision has been significant for both Erbosan and the Canadian steel industry. This announcement will help to ensure that the legitimate trade of steel pipes between Turkey and Canada continues, without disruption or additional costs due to tariffs or duties.
Importers and exporters of carbon steel welded pipe will be relieved by this decision, as it will allow them to conduct business with Erbosan without the threat of additional costs, while helping to facilitate fair trade in the industry.
Furthermore, this decision has demonstrated that the CBSA is committed to upholding the principles of fair trade, as the agency only takes action when there is evidence of unfair practices taking place. This has helped to restore trust in the Canadian steel pipe market, which is beneficial for both domestic and foreign businesses.
In conclusion, the termination of the Erbosan investigation into the alleged dumping of carbon steel welded pipe is a significant development for the Canadian steel pipe industry. It has helped to facilitate fair trade and promote trust in the industry. This decision has demonstrated that the CBSA is committed to upholding the principles of fair trade, which is essential for the continued growth and success of the global steel industry.