Nevine Gamea, Egypt’s Minister of Trade and Industry send out a decision to impose anti-dumping measures on imports of selective aluminium products for three years.
The products comprise moulds, cylinders and wire, with the measures to initiate from mid-April, at a rate of 16.5% of Insurance and Freight (CIF) value with a minimum of $333 per tonne for the first year.
Moreover, this enfolds 13.5% of the CIF value, with a minimum of $271 per tonne for the second year, and 10.5% of the CIF value, with a minimum of $211 per tonne in the third year.
Ibrahim Al-Sigini, Assistant Minister of Trade and Industry for Economic Affairs, said: “The ministry had previously agreed, in April 2020, to start implementing preventive measures against the large increase in imports of aluminium products that include moulds and cylinders and wire.”
The anti-dumping measures were imposed based on the recommendation of the advisory committee and following the results and recommendations reached by the commercial treatments sector.
The announcement to implement these measures has been published in Egypt’s official gazette Waqaa Masria.
Al-Sigini explained: “The commercial treatments sector sent lists of questions and a copy of the non-confidential text of the complaint, and announced the start of investigations to concerned parties. They were given 37 days to respond.”
“The sector received the comments of concerned parties on the submitted complaint as well as responses to the lists of questions, and a public hearing was held in presence of concerned parties.”
Al-Sigini pointed out: “The commercial treatments sector had concluded that there was a significant increase in imports of aluminium products. These included moulds, cylinders and wire, which caused serious damage to the local industry and required the imposition of final antidumping measures on these imports.”
He emphasized that the advisory committee held a meeting in March’20 to examine the final report composed by the sector. It concluded with the consensus approval of the sector’s recommendation to impose final, gradual preventive measures on imports of selective aluminium products like moulds, cylinders and wire for three years.
This emerged according to provisions of prevention agreements and laws concerning Protection of the National Economy from the Effects of Injurious Practices in International Trade and its implementing regulations.
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