Mon, May 28, 2012, 6:23 AM EDT - U.S. Markets closed for Memorial Day

Canadian International Trade Tribunal Initiates Final Inquiry: Stainless Steel Sinks From China

OTTAWA, ONTARIO--(Marketwire -01/26/12)- The Canadian International Trade Tribunal today initiated an inquiry respecting the dumping and subsidizing of stainless steel sinks with a single drawn bowl having a volume between 1,600 and 5,000 cubic inches (26,219.30 and 81,935.32 cubic centimetres) or with multiple drawn bowls having a combined volume between 2,200 and 6,800 cubic inches (36,051.54 and 111,432.04 cubic centimetres), excluding sinks fabricated by hand, originating in or exported from the People's Republic of China. The final injury inquiry was initiated further to a notice received from the Canada Border Services Agency stating that preliminary determinations had been made respecting the dumping and subsidizing of the above-mentioned stainless steel sinks.

On May 24, 2012, the Tribunal will determine whether the dumping and subsidizing have caused injury or retardation or are threatening to cause injury.

The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

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