Canada has revoked its anti-dumping tariffs on the products of two Taiwanese steel companies and lowered the duties imposed on Taiwanese steel exporters, following a ruling by the World Trade Organization in favor of Taiwan, the Ministry of Economic Affairs (MOEA) said Tuesday.

In a statement, the MOEA said it had been informed by the Canada Border Services Agency (CBSA) that the 0.005 percent and 0.4 percent anti-dumping tariffs against Chung Hung Steel Corp. and Shin Yang Steel Corp., respectively, would be removed, while the duties against other Taiwanese steel companies will be reduced from 54.2 percent to 29.6 percent.

The CBSA decision came after Taiwan took the dispute to the World Trade Organization (WTO) in 2015 following Canada's findings in 2012 that Taiwanese manufacturers of carbon steel welded pipes were selling their products there at unfairly low prices and hurting the Canadian steel industry.

In January 2017, the WTO issued a ruling in favor of Taiwan, saying Canada should revise its tariffs against Taiwan, which led to a review by the CBSA and its decision in late September to remove the anti-dumping duties.

In its argument to the WTO, Taiwan said Canadian authorities had used wrong trading statistics to determine that Taiwanese makers of carbon steel welded pipes were dumping their products on the Canadian market, according to the MOEA.

The case was taken to the WTO after two rounds of consultations between Taiwan and Canada in 2014 failed to yield any satisfactory results. 

Source: Focus Taiwan