Today, MP Terry Sheehan is delighted to see Canada, the United States and Mexico come together to combat unfair trade and steelmaking overcapacity in the global market.
“As I’ve said from the beginning, our government sees steel dumping and global steelmaking over capacity as a serious problem. We are doing everything we can to protect the Canadian steel industry from unfair trade and today’s agreement with the governments of the United States and Mexico is further proof of this commitment,” stated Sheehan.
The following is a news release from the Prime Minister’s Office:
Coordination in Trade Remedy Enforcement / Addressing Global Excess Capacity
Canada, the United States and Mexico agree on the need for governments of all major steel-producing countries to make strong and immediate commitments to address the problem of global excess steelmaking capacity. This includes curtailing government subsidies and other supports that artificially maintain or increase steelmaking capacity, enhancing transparency and information sharing about capacity and production developments, and seeking robust policy commitments to address excess capacity and encourage adjustment.
The three countries further recognize the critical need for customs agencies to work together to ensure robust trade enforcement, including increased information sharing on high-risk shipments and on broader trends concerning potential circumvention and evasion. For this purpose, Canada, the United States, and Mexico have will establish a trilateral Customs Steel Enforcement Dialogue, designed to facilitate coordinated compliance efforts and information sharing regarding the enforcement of anti-dumping and countervailing measures on steel products.
This trilateral dialogue builds upon existing bilateral initiatives between Canada and the United States and will take place in conjunction with meetings of the North American Steel Trade Committee. It will be an important step towards ensuring that importers of potentially dumped and subsidized steel are compliant with all regulatory requirements and pay all duties owing, thereby protecting the North American steel industry from the injury caused by the dumping and subsidizing of imported goods into the North American marketplace.