CANADA EXTENDING SURTAX REGIMES
DOF CONFIRMS EXTENSIONS INCOMING ON STEEL SURTAXES & RELATED RELIEF
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A recent Department of Finance Canada (“DOF”) news release has confirmed that Canada will be extending certain steel surtaxes and horizontal tariff relief for imported steel goods. The putative aim behind these extensions is to “defend steel workers and industry against steel trade diversion” and “provide producers and importers with greater business predictability and longer-term certainty”.
In this Steel Industry Report, we review which surtaxes and remission categories are set to be extended in the near future.
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Department of Finance
Imported Steel Goods
Producers and Importers
Remission Order
Steel Derivative Goods Surtax Order
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