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Philippines Asks Canada To Go Slow On Curbing Steel Imports

Steel News - Published on Tue, 18 Jun 2019

Image Source: The Dollar Business
Business Mirror reported as the Philippines looks to boost its steel production to supply both domestic and export demands, it has asked Canada ne of its potential markets at the World Trade Organization to go slow on implementing protectionist measures on steel products. The Philippines requested Canada at its 11th Trade Policy Review to explain the increase in its use of antidumping measures over the past years. It pointed out most of Canada’s trade remedies are applied on steel, which the Philippines began exporting again in March after many decades. The statement read that “Canada is an active user of trade remedies and it has shown increase in the use of antidumping measures in recent years with 83 definitive antidumping measures in place as of end of 2018. More than two-thirds of these measures were applied on steel products. In this respect, the Philippines would like to know more about the factors that have contributed to the increase and encourages Canada to exercise circumspection in taking these measures.”

SteelAsia Manufacturing Corp put the Philippines back on the map of steel exporting after delivering its first shipment of rebars to Canada in March. The shipment contained 10,000 metric tonnes of rebar valued at some PHP 300 million. Rebars are used by construction firms to provide tensile strength for infrastructure, buildings, housing, among other structures.

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Posted By : Ratan Singh on Tue, 18 Jun 2019
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