PORKER
Well-known member
Canada imposes duties on 'dumped and subsidized' U.S. grain corn
20:46:49 EST Dec 15, 2005
OTTAWA (CP) - Canada said Thursday it is imposing provisional duties on U.S. grain corn after a preliminary finding by the Canada Border Services Agency that imports of unprocessed grain corn from the United States are being dumped and subsidized.
The decision came two months after the agency began investigating complaints from Canadian farmers that Washington was dumping and subsidizing grain corn.
It also followed a preliminary finding by the Canadian International Trade Tribunal that imports of unprocessed grain corn from America have caused injury to Canadian corn growers, the agency said Thursday.
Total provisional duties of $1.65 US per bushel will now be imposed on imports of unprocessed U.S. grain corn - $0.58 per bushel provisional
anti-dumping duty and $1.07 per bushel provisional countervailing duty.
"These duties will provide some relief to the dire conditions facing our nation's corn farmers," said Brian Doidge, spokesperson for CCP, based in Guelph, Ont.
However, the cattle industry said it was disappointed with the decision.
The Animal Industry Corn Users coalition estimates that if Canadian corn prices rise by the same amount as the duties, they could add feed costs of up to $100 per head of cattle in corn-feeding regions such as Ontario.
"As our industry was just beginning to come out of the BSE (mad cow) crisis, producers needed to make money on this turn of cattle. But instead, the cattle industry's recovery strategy is now in jeopardy," said Ian McKillop, president of the Ontario Cattlemen's Association, also based in Guelph.
According to the CBSA, dumping occurs when goods are sold to importers in Canada at prices that are less than their selling prices in the exporter's domestic market or at unprofitable prices.
Subsidizing occurs when goods imported into Canada benefit from foreign government financial assistance. The Special Import Measures Act protects Canadian producers from the damaging effects of such unfair trade.
20:46:49 EST Dec 15, 2005
OTTAWA (CP) - Canada said Thursday it is imposing provisional duties on U.S. grain corn after a preliminary finding by the Canada Border Services Agency that imports of unprocessed grain corn from the United States are being dumped and subsidized.
The decision came two months after the agency began investigating complaints from Canadian farmers that Washington was dumping and subsidizing grain corn.
It also followed a preliminary finding by the Canadian International Trade Tribunal that imports of unprocessed grain corn from America have caused injury to Canadian corn growers, the agency said Thursday.
Total provisional duties of $1.65 US per bushel will now be imposed on imports of unprocessed U.S. grain corn - $0.58 per bushel provisional
anti-dumping duty and $1.07 per bushel provisional countervailing duty.
"These duties will provide some relief to the dire conditions facing our nation's corn farmers," said Brian Doidge, spokesperson for CCP, based in Guelph, Ont.
However, the cattle industry said it was disappointed with the decision.
The Animal Industry Corn Users coalition estimates that if Canadian corn prices rise by the same amount as the duties, they could add feed costs of up to $100 per head of cattle in corn-feeding regions such as Ontario.
"As our industry was just beginning to come out of the BSE (mad cow) crisis, producers needed to make money on this turn of cattle. But instead, the cattle industry's recovery strategy is now in jeopardy," said Ian McKillop, president of the Ontario Cattlemen's Association, also based in Guelph.
According to the CBSA, dumping occurs when goods are sold to importers in Canada at prices that are less than their selling prices in the exporter's domestic market or at unprofitable prices.
Subsidizing occurs when goods imported into Canada benefit from foreign government financial assistance. The Special Import Measures Act protects Canadian producers from the damaging effects of such unfair trade.