Investing.com - Financial Markets Worldwide
🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

UPDATE 1-Canada launches WTO complaint against U.S. on glossy paper duties

Published 2016-03-31, 12:37 p/m
© Reuters. UPDATE 1-Canada launches WTO complaint against U.S. on glossy paper duties

(Adds USTR reaction in new paras 5-8)
GENEVA, March 31 (Reuters) - Canada has filed a complaint
against the United States over anti-dumping duties imposed on
imports of supercalendered paper, which is used in glossy
magazines and catalogues, the World Trade Organization (WTO)
said on Thursday.
In its proceeding filed on Wednesday, Canada said the
so-called countervailing measures were inconsistent with WTO
rules.
The United States now has 60 days in which to settle the
dispute through bilateral talks, after which Canada could ask
the WTO to adjudicate on the case.
Countries impose countervailing duties - punitively high
import tariffs - when they suspect another country of gaining an
unfair trade advantage through subsidies.
Andrew Bates, spokesman of the Office of the U.S. Trade
Representative (USTR) said that the United States was evaluating
the request.
"The U.S. Department of Commerce and U.S. International
Trade Commission have both determined that Canada has been
providing export-related subsidies to their supercalendered
paper industry to the detriment of American manufacturers and
producers," he said by email from Washington.
The United States had asked Canada to remove the subsidies
for two years, but Ottawa refused, Bates said.
"It is ironic now for Canada to be invoking WTO remedies to
address a legitimate U.S. response to massively large Canadian
provincial subsidies that caused harm to U.S. companies and
workers."

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.