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Saudi Arabia imposed final anti-dumping duties on imports of stainless-steel pipes or tubes with circular cross-sections and longitudinal welds originating from China and Taiwan, Majid bin Abdullah Al-Kassabi, Minister of Commerce and Chairman of General Authority of Foreign Trade (GAFT), announced.
Published by Umm Al-Qura newspaper today, June 30, final anti-dumping duties will be collected at rates ranging from 6.5% to 27.3%.
The decision takes effect the day after the publication of the announcement, and will remain in force for five years.
It applies to imports of the specified product that have not yet cleared customs before the effective date.
Following a complaint filed by the local industry, the investigation showed that the investigated product from China and Taiwan accounted for no less than 3% of Saudi Arabia’s total imports of this product during the investigation period.
The final findings concluded that dumped imports caused material injury to the domestic industry during the investigation period and established a causal link between the dumped imports and the injury suffered by the local industry.
Although the final report acknowledged a market contraction, this contraction ultimately benefited the dumped imports, as they were able to boost their market share against both local sales and other import sources.
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