Egypt’s Minister of Trade and Industry Nevine Gamea issued a decision to impose anti-dumping measures on imports of aluminium products for a period of three years.
The products include moulds, cylinders, and wire, with the measures to start 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.
In addition to this, this covers 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 that 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.
This was based on the recommendation of the advisory committee and in accordance with the results and recommendations reached by the commercial treatments sector.
The announcement to implement these measures has been published in official gazette Waqaa Masria.
Al-Sigini explained that 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.
He noted that 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 that 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 elaborated that the advisory committee held a meeting last March to study the final report prepared by the sector. It ended with the consensus approval of the sector’s recommendation to impose final, gradual preventive measures on imports of aluminium products from the terms of moulds, cylinders and wire for a period of three years.
This came 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.
The commercial treatments sector informed the Technical Barriers to Trade Committee at the World Trade Organization (WTO) of the decision to impose final preventive measures. This was alongside the date and period of effectiveness of those measures in accordance with the international agreement on prevention.