11:02 | 12/05/2015 Industry
Canada has announced it is dropping an anti-dumping investigation of oil pipe and tube products used in the petroleum industry – such as drill pipe, pipe casings and oil pipes – imported from Vietnam.
In July, 2014, the Canadian Border Services Agency (CBSA) started an investigation into several Vietnam steel businesses, claiming they were selling products at substantially reduced prices.
The unreasonably low prices were hurting the interests of local companies such as Tenaris Canada of Calgary, Alberta and Evraz North America Inc of Regina, Saskatchewan the CBSA alleged.
This was the first and only anti-dumping investigation to date by Canadian authorities of products from Vietnam.
Ministry of Industry and Trade (MoIT) officials said the decision to drop the investigation ensures Vietnamese manufacturers will be able to maintain newfound access to the booming Canadian oil market.
However, despite the CBSA no longer pursuing the probe, the decision has been appealed and remains a big issue.
Accordingly, the MoIT will continue to monitor the case, a representative said.
Source VOV News