Audio By Carbonatix
The Ghana International Trade Commission has ruled in favour of Aluworks, against the dumping of aluminum coils from China.
Aluworks had petitioned the GITC over the unfair trade practices
In presenting the ruling, Vice- Chairman of the commission, Prof. Paul Kuruk said the products imported from China have been causing material injury to the Ghanaian industry. This he said precipitated the ruling.
“After considering the facts available, the commission made a preliminary report, responses to the questionnaires, a hearing conducted on January 9, 2020 and other information, the Commission made a final determination that the subject product originating in or imported from China was being dumped onto the Ghanaian domestic market, causing material injury and a threat of material injury to the Ghanaian industry”..
He further noted that “the Commission decided that the following definitive anti-dumping duties be imposed on aluminum coils and ‘circles’ originating in or imported from China.”
Executive Secretary of the Commission, Frank Agyekum told Joy Business that the ruling seeks to provide a level playing field for investors who seek to enter the Ghanaian industrial sector.
According to him, “this means that, those products that are coming in are going to be charged to be in conformity with the world standard. So, as you pay, you know you’re paying the rightful price. When that happens, then it means that Aluworks is then able to produce for the local people. We’re not saying don’t produce or don’t import into Ghana.”
Mr. Agyekum however emphasised that, “you can import into Ghana but don’t import at a cheaper rate to make our industries collapse.
“So when they come onto the market, it’s for the ordinary Ghanaian who is going to the market to then decide which to buy. The good thing is that, it enables the local industry to thrive because we’re able to compete on our own.”
Latest Stories
-
Nadji Abdul Salem Kanawetey
3 hours -
‘Hounded and harassed’: The former pop star taking on Uganda’s long-time president
8 hours -
V/R: 90-year-old man allegedly murdered
8 hours -
Semenyo named Man of the Match in flawless Manchester City debut performance
8 hours -
‘Humble’ Antoine Semenyo steals show in FA Cup mauling
9 hours -
Deputy AG confirms US authorities have helped Ghana to arrest one fugitive
9 hours -
US military strikes Islamic State group targets in Syria, officials say
10 hours -
Bob Weir, Grateful Dead co-founder, dies aged 78
10 hours -
Author Chimamanda Ngozi Adichie’s family accuse hospital of negligence over son’s death
10 hours -
Blockbuster AFCON semi-finals confirmed as Morocco face Nigeria, Senegal play Egypt
10 hours -
Ofori-Atta could be in Ghana sooner than expected – Deputy AG reveals
11 hours -
IMANI’s Franklin Cudjoe credits Mahama-Forson duo for fiscal reset
12 hours -
Prof. Asuming credits Mahama administration with restoring national optimism
13 hours -
‘No time for kenkey parties’: COPEC boss warns against economic complacency despite recovery
13 hours -
Visa revocation, ICE detention, and the limits of Ghana’s jurisdiction
15 hours
