Yesterday the Government of Canada began consultations on further potential changes to the Special Import Measures Act (SIMA), which deals specifically with trade remedy modernization.
“Our government has already introduced specific legislative amendments which strengthen the Government of Canada’s response to unfair trade and now we are opening the conversation to stakeholders. This is a chance for companies like Essar Steel Algoma, Tenaris Algoma Tubes and other important industries to tell us what they feel will be most effective to continue combatting unfair trade practices,” stated Sheehan.
This consultation was announced in Budget 2016 as part of the Government’s commitment to strengthen Canada’s response to unfair trade.
Canada’s trade remedy system provides recourse for domestic producers injured by unfairly traded goods entering the Canadian market. A modern and effective trade remedy system ensures Canadian producers can operate on a level playing field and have the appropriate tools to respond to changing global trade conditions.
The Government is interested in hearing from a wide range of stakeholders for this initiative.
Further details on the consultation, including how to provide comments, can be found by visiting: http://www.fin.gc.ca/n16/16-059-eng.asp