Colombia: Applies provisional antidumping measures on targeted imports of aluminum extrusions and foil

17/11/2011 12:00 - 431 Views

Bogota, November 9, 2011.- To prevent domestic production of aluminum from being further affected by the dumping of imports and their associated prices, the Ministry of Trade, Industry, and Tourism will apply antidumping measures on those products, which originate in China, but are entering the country by way of a Venezuelan company.

Measure follows for four months while awaiting a final decision

These measures will be valid until the adoption of the final determination, on the matter.

This action is the Government’s response to the petition filed by National Aluminum SA Alumina, Reynolds Aluminum Santo Domingo, and EMMA SA. These representatives requested that authorities look into this issue; moreover, the Ministry has already found evidence of material injury.

This measure was adopted by the Bureau of Foreign Trade of the Ministry of Trade, Industry, and Tourism, through Resolution 532 of November 8, 2011. It seeks to restore competitive conditions that have been distorted by the dumping, so that importers in Colombia may be able to sell their products at market prices. The measure allows for the correcting of damage done through price discrimination, so that undervalued products are priced appropriately.

The provisional antidumping duties shall apply for four months, following the date of publication of the measure in the Official Journal.

The investigation request was filed on May 27, 2011, and supplemented on July 5, for imports of aluminum extrusions and aluminum foil that was being dumped into the country.

The measure applies to imports of aluminum extrusions and aluminum foil that originates in the People's Republic of China and is associated with a particular.

By Lucy Samper

Source: mincomercio.gov.co