1 / 14

ITAC Presentation to the Portfolio Committee on Trade & Industry 22 February 2013

ITAC Presentation to the Portfolio Committee on Trade & Industry 22 February 2013 Zoleka Xabendlini Senior Manager: Trade Remedies. Presentation outline. Trade remedies Dumping Material injury Causality Investigation process Investigation timelines Other investigations. Trade Remedies.

inezl
Download Presentation

ITAC Presentation to the Portfolio Committee on Trade & Industry 22 February 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ITAC Presentation to the Portfolio Committee on Trade & Industry 22 February 2013 Zoleka Xabendlini Senior Manager: Trade Remedies

  2. Presentation outline • Trade remedies • Dumping • Material injury • Causality • Investigation process • Investigation timelines • Other investigations

  3. Trade Remedies • anti-dumping • countervailing • unfair trade practices • safeguard: surge of imports

  4. What is dumping? • Dumping occurs when a product is exported to another country, at a price which is lower than the price at which the same product is sold in the country of origin.

  5. Purpose • To protect the SACU industry against unfair competition. • Action can only be taken in instances where it is found that unfair trade practices cause material injury to the SACU industry.

  6. Allegation of dumping: What to prove • Dumping • Material injury/threat • Causality

  7. Calculation of dumping margin Normal value (after adjustments) Less Export price (after adjustments) As % of export price

  8. Material injury • Actual and potential decline in sales • Profits • Output • Market share • Productivity • Return on investment • Utilization of capacity

  9. Material injury 8. Factors affecting domestic prices 9. Magnitude of margin of dumping 10. Inventories 11. Employment 12. Wages 13. Growth 14. Ability to raise capital

  10. Causal Link Dumping Material injury (and/or threat)

  11. Anti-dumping investigation process 21days Receipt of application Prep for applicant verification Preparation of merit Approval and place on agenda Merit decision 21 days 7 days 7+18days Identify deficiencies & send Deficiency responses Initiation Notification Exporter & importer Responses 12 days 14days 2 days 37+14 days Verification plan & importer verification Exporters’ verification & reports Comments on verification reports Prelim. Submission and place on agenda 14 days 14+2 days 7 days 10days C Commissioner approval Publication pps’s & report sent out Comments on prelim report Preliminary determination 10 days 21+2 days 18 +2days 14+7 days Essential facts letters Comments Final decision after essential facts Provision for oral hearing Final decision 7 days 18 days 18 days 18 days 3 days Investigation closed Report approval by CC Minister’s decision SARS publication 14 days 14 days 10 days

  12. Authorities’ investigation timelines

  13. Tyres from China • Hexagon fully threaded screws from China • Frit from Brazil • Bolts and nuts from China Other investigations

  14. www.itac.org.za

More Related