Canadian Government Notices as of Aug. 3
The government of Canada recently issued the following trade-related notices as of Aug. 3 (some may also be given separate headlines):
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- CBSA normal value review for oil country tubular goods. The Canada Border Services Agency initiated on Aug. 2 a normal value review to update the normal values and export prices of certain oil country tubular goods exported to Canada from Indonesia by PT Citra Tubindo Tbk. (Citra Tubindo). The normal value review is part of CBSA’s enforcement of the Canadian International Trade Tribunal’s finding of a threat of injury issued on April 2, 2015, with respect to the dumping of certain OCTG from several countries, including Indonesia.
- Foreign control in the Canadian economy in 2016. Statistics Canada reports that both Canadian (+ 6.1%) and foreign-controlled (+ 1.3%) asset values increased in 2016. The foreign-controlled asset share edged down, from 16.9% in 2015 to 16.2% in 2016. The year 2016, then, is the ninth consecutive year in which the share of assets under foreign control decreased.
- NAFTA textile/apparel TPL utilization. The Department of Foreign Affairs and International Trade updated the 2018 NAFTA textile and apparel tariff preference level utilization rate for imports and exports.