OTTAWA,
ON, April 16, 2024 /CNW/ - The Canadian
Steel Producers Association welcomes today's Federal Budget 2024
announcement providing additional resources to the Canada Border
Services Agency to create a dedicated Market Watch Unit to monitor
unfair trade practices and update trade remedy measures
annually.
"Canadian steel producers face significant competition within
our borders from steel that is unfairly traded. As the economy
softens globally, we are seeing this problem intensify and action
is urgently needed. As the most significant user of Canada's trade remedy system, we feel it is
imperative new resources and approaches are put in place to protect
the domestic industry and its employees from these unfair
practices," says Catherine Cobden, President & CEO of the
Canadian Steel Producers Association.
"The announcement of funding for a new Market Watch Unit will
see trade remedy measures updated annually. This new tool will
greatly improve the existing process and provide significant
transparency and predictability in the system for all users. We
look forward to working with the federal government to ensure that
the implementation of this new tool delivers a more permanent shift
in how importers behave within our borders."
About the Canadian Steel Producers Association
The
Canadian Steel Producers Association is the national voice of
Canada's primary steel and the
pipe and tube industry, dedicated to ensuring a competitive and
sustainable business environment for its members and supply chain
stakeholders. Canadian steel producers are integral to Canada's economy and a vital supplier to many
segments of North American industry, including the automotive,
energy, construction, and transportation sectors.
SOURCE Canadian Steel Producers Association