Ghana manufacturers propose cement anti-dumping duties
Ghana: According to local media Modern Ghana, George Dawson-Ahmoah, chairman of the Ghana Cement Manufacturers Association (GCMA), has called for the imposition of anti-dumping duties on imported cement to rid the industry of unfair trade practices by importers and protect investments by local cement manufacturers and the employment of locals.
Dawson-Ahmoah urged the government to take its cue from South Africa, which recently imposed provisional anti-dumping duties on cement originating from Pakistan. South Africa imposed provisional anti-dumping duties on cement from Pakistan from 15 May 2015 following investigations initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after a number of local cement producing companies submitted an application on behalf of the industry.
Dumping occurs when companies export their goods to foreign markets at prices lower than what they charge for the same product in their home market. When dumping causes material injury to an industry in the market to which the products are exported, it is considered unfair trade.
Dawson-Ahmoah said that since countries are entitled to act in terms of World Trade Organisation (WTO) rules and procedures with an objective to level the playing field between domestic producers and foreign competitors, Ghana's government should act appropriately to defend the local market from undue price under cuttings, which have the potential to 'destabilise' the industry.