The Canada Border Services Agency made a final determination this morning that U.S. unprocessed corn is being subsidized and dumped into the Canadian market.
A statement from agency explains that the weighted average margin of dumping was found to be 26%, and the weighted average amount of subsidy was found to be 18%, both expressed as a percentage of the export price. USDA pegs Canadian corn imports at 60 million bushel for the current marketing year.
The ruling allows the provisional duty made on December 15, 2005 of $1.56/bushel will continue to be imposed on imports until the Canadian International Trade Tribunal concludes its inquiry regarding injury to Canadian production. The Tribunal's public hearings will begin in Ottawa on March 20, 2006. The Tribunal will make a decision by April 18, 2006.
CBSA said its statement of reasons for today's ruling will be available in 15 days.
Powered by iNet Solutions Group ©2011 All Rights Reserved.