Jul 3, 2021 | International
The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by EVRAZ Inc. NA Canada, of Regina, Saskatchewan, and by Welded Tube of Canada Corp., of Concord, Ontario, that they have suffered injury as a result of the dumping of oil country tubular goods, originating in or exported from the United Mexican States. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of a dumping investigation by the Canada Border Services Agency (CBSA).
Ottawa, Ontario, July 2, 2021—The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by EVRAZ Inc. NA Canada, of Regina, Saskatchewan, and by Welded Tube of Canada Corp., of Concord, Ontario, that they have suffered injury as a result of the dumping of oil country tubular goods, originating in or exported from the United Mexican States. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of a dumping investigation by the Canada Border Services Agency (CBSA).
On August 30, 2021, the Tribunal will determine whether there is a reasonable indication that the alleged dumping has caused injury or retardation, or is threatening to cause injury, as these words are defined in SIMA. If so, the CBSA will continue its investigation and, by September 28, 2021, will make a preliminary determination. If this preliminary determination indicates that there has been dumping, the CBSA will then continue its investigation and, concurrently, the Tribunal will initiate a final injury inquiry.
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.
Any interested person, association or government that wishes to participate in the Tribunal’s inquiry may do so by filing a Form I – Notice of Participation. For more information, visit the Tribunal’s website.
Mar 30, 2021 | International
The Canadian International Trade Tribunal today initiated an expiry review of its order made on April 18, 2016, in Expiry Review No. RR-2015-001, to determine if the expiry of the order is likely to lead to continued or resumed dumping and subsidizing of steel grating originating in or exported from the People’s Republic of China and is likely to result in injury.
Ottawa, Ontario, March 29, 2021—The Canadian International Trade Tribunal today initiated an expiry review of its order made on April 18, 2016, in Expiry Review No. RR-2015-001, to determine if the expiry of the order is likely to lead to continued or resumed dumping and subsidizing of steel grating originating in or exported from the People’s Republic of China and is likely to result in injury.
On August 26, 2021, the Canada Border Services Agency will determine if there is a likelihood of resumed or continued dumping and subsidizing. In the event of a positive determination, the Tribunal will determine, on February 2, 2022, whether the continued or resumed dumping and subsidizing are likely to result in 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.
Any interested person, association or government that wishes to participate in the Tribunal’s inquiry may do so by filing a Form I – Notice of Participation. For details on the specific products under review or for more information, visit the Tribunal’s Web site.
Mar 13, 2021 | Business
CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an “outperform” rating and a target price of HK$98.20. CICC is upbeat on Yeahka’s dual-growth-driver (payment + value-added services) business model and the growth potential of the Company’s QR code payment and marketing services.
Key takeaways from the report include:
Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka’s high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume.
Value-added businesses: Huge room for commercialization based on its “data + scenario + traffic” business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka’s revenue and profit growth; 2) Merchant SaaS products empower small and micro merchants to improve customer stickiness. CICC sees monetization potential in the long run; 3) Yeahka’s fintech services business is expected to achieve mild growth in the short-to-mid run.
Strong internet background enables Yeahka to provide targeted services; increasing R&D investment is expected to accelerate product upgrades: 1) Yeahka’s management team possesses extensive experience in the internet sector 2) Yeahka has a solid shareholder base, which includes internet giant Tencent; 3) Its strong R&D team is expected to boost product upgrades.
Mar 8, 2021 | Business, International
The Canadian International Trade Tribunal today initiated an expiry review of its finding made on March 29, 2016, in Inquiry No. NQ-2015-002, to determine if the expiry of the finding is likely to lead to continued or resumed dumping and subsidizing of carbon and alloy steel line pipe from the People’s Republic of China and is likely to result in injury.
On July 30, 2021, the Canada Border Services Agency will determine if there is a likelihood of resumed or continued dumping and subsidizing. In the event of positive determinations, the Tribunal will determine, on January 6, 2022, whether the continued or resumed dumping and subsidizing are likely to result in 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.
Any interested person, association or government that wishes to participate in the Tribunal’s expiry review may do so by filing a Notice of Participation.
For details on the specific products under review or for more information, visit the Tribunal’s website.
