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Mon, October 1, 2012
The Canadian International Trade Tribunal ("CITT") Reinstates Anti-Dumping Duties and Countervailing Duties on Refined Sugar Im
October 01, 2012 10:06 ET
The Canadian International Trade Tribunal ("CITT") Reinstates Anti-Dumping Duties and Countervailing Duties on Refined Sugar Imports from the EU
MONTRÉAL, CANADA--(Marketwire - Oct. 1, 2012) -Rogers Sugar Inc. (the "Corporation") (TSX:RSI) announces that on September 28, 2012, the CITT reinstated the anti-dumping and countervailing duties on refined sugar imports from the EU. The CITT had initially rescinded the duties on November 1, 2010, following a periodic review of the duties. On December 1, 2010, the Canadian Sugar Institute filed an application with the Federal Court of Appeal for judicial review of the order to rescind. On May 30, 2012, the Federal Court of Appeal allowed the application, set aside the order, and returned the matter to the Tribunal for reconsideration. Upon reconsideration, the Tribunal reversed its decision and issued an order to continue the duties. The duties are now in place until October 31, 2015 whereupon they will be rescinded unless continued by the Tribunal.
These duties are important to Rogers Sugar Inc. and to the Canadian refined sugar industry in general as they protect the market from the adverse effect of unfairly traded imports from the EU.
About Rogers Sugar Inc.
The Corporation is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic Inc. Lantic Inc. operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic Inc.'s sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada, and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.