The Saudi General Authority of Foreign Trade (GAFT) has launched an anti-dumping investigation into imports of hot-rolled light and medium iron or steel sections, angles, and structural shapes originating in or exported from China and Türkiye.

The decision to initiate the investigation was issued pursuant to the Law of Trade Remedies in International Trade, dated November 23, 2022. Article 4, Paragraph 1, of the law stipulates that GAFT is responsible for trade remedies, including conducting investigations and reviews and imposing measures in accordance with Saudi Arabia’s international commitments. 

These especially include the Anti-Dumping Agreement, the Agreement on Subsidies and Countervailing Measures, and the Safeguards Agreement, a Saudi Press Agency (SPA) report said.

The law aims to protect domestic industries from injury caused by dumped or subsidised imports, guard against surges in imports, and defend Saudi exports facing trade remedy proceedings.—TradeArabia News Service