GHY Tradelines

(CBSA – Media Room)

The Canada Border Services Agency (CBSA) announced today that it is initiating investigations into the alleged injurious dumping and subsidizing of certain steel piling pipe originating in or exported from the People’s Republic of China.

The investigations follow a complaint filed by Atlas Tube Canada Inc. of Harrow, Ontario. The complainant alleges that the dumping and subsidizing of these goods are harming Canadian production by causing the following: lost sales, price erosion, price suppression, reduced profitability, loss of market share, and underutilization of capacity.

The Canadian International Trade Tribunal will now begin an injury inquiry to determine whether the imports are harming Canadian producers, and will render its preliminary findings on July 3, 2012. While the Tribunal is examining the question of injury, the CBSA will launch a preliminary investigation into whether the imports are being dumped and/or subsidized, and will make a preliminary decision by August 2, 2012. In the event that the Tribunal’s preliminary injury test proves positive, the CBSA will continue its investigation, and make a final decision with regard to dumping and subsidies on October 31, 2012. The final decision concerning injury will be made by the Tribunal on November 30, 2012.

A copy of the Statement of Reasons, which provides more details about the investigation, will be available on the CBSA’s Web site within 15 days.

For media information: Media Relations
Canada Border Services Agency
613-957-6500
 

(Agence France-Presse)

Closing two days of annual talks between the world’s two largest economies, U.S. Treasury Secretary Timothy Geithner acknowledged that China ‘has acted to move toward a more flexible exchange-rate system in which the market plays a greater role.’

Treasury Secretary Timothy Geithner on Friday called China’s moves to allow an appreciation of its currency “significant and promising” and said he hopes for a greater rise. Read more here.
 

(The Canadian Press – Julian Beltrame)

Trade Minister Ed Fast is returning home from a week-long visit to Australia and New Zealand with hope but no firm commitment that Canada will be accepted into the world’s hottest new trading bloc. However, Fast said he has made significant progress in negotiations with two of three hold-outs to Canada’s quest to join the Trans-Pacific Partnership. “I’m very encouraged by the discussions I’ve had with my partners,” he said in a telephone interview from New Zealand. “I’m confident if they evaluate us based on the merits, and the case we’ve made that they will welcome us to those negotiations.”

Fast acknowledged that Canada’s admission to the nine-member club, which includes the United States, Malaysia and Singapore and could soon add Japan, is not assured and will require a consensus of the members. He said six of the member states have given Canada “a clear, strong undertaking of support.” That leaves the United States, New Zealand and Australia who need to be convinced that Canada is serious about putting the country’s protectionist supply management system for dairy, eggs and poultry on the table. Read more here.
 

GHY International wishes to thank our clients, associates, and coaches for their contribution to our re-qualification for the fourth consecutive year as one of Canada’s 50 Best Managed Companies – enabling us to be the only Gold Standard Level certified provider of exclusive customs brokerage services in North America.

We thank our clients for their continued confidence in GHY International and the service we provide. It is their needs that shape our endeavors and we thank them for the opportunity to serve them each day.

Thanks to our associates who consistently deliver outstanding service to our clients. It is their dedication to our clients that makes the difference each and every day.

Many thanks to our coaches from Deloitte & CIBC for offering us guidance and feedback to ensure we are delivering on our mission to our customers, associates, and our community.

“We are honored to have received this designation, which is a mark of excellence recognizing companies that understand how to innovate and adopt best practices for the benefit of their customers. GHY earned the Gold Standard designation thanks to the loyalty of our valued customers, and the commitment of our associates.” — Reynold Martens, Executive VP, GHY International & President, GHY USA, Inc.

“We are committed to the relentless pursuit of excellence and innovation in all areas of our business, and grateful for the opportunity to serve our clients, and provide our associates rewarding careers.” — Richard C. Riess, President, GHY International.

(Canadian Business – Julian Beltrame, Canadian Press)

Canada’s business leaders are much more optimistic about the economy and the fortunes of their own companies than they were just a few months ago, but few are yet willing to back those sentiments with significantly increased investment.

A new survey released by The Conference Board on Thursday found that 43% of respondents expected economic conditions to improve, a big pick-up over its winter survey when only 19% were optimistic. As well, more than 50% said profits would rise in the next six months, as opposed to 38% in the last quarter. And although 54% said it was a good time to invest in plant expansion or new machinery and equipment, there were fewer firms than in the last quarter willing to increase expenditures by 20%, the survey found. Read more here.