Wednesday, November 22 2017

VietNamNews

Australia stops countervailing duty on VN’s aluminium

Update: June, 02/2017 - 17:50
ADC decided to terminate part of an investigation into alleged dumping and subsidisation of certain aluminium extrusions. — Photo baoxaydung.com.vn
Viet Nam News

HÀ NỘI — The Anti-Dumping Commission (ADC), under the Australian Department of Industry, Innovation and Science, issued a document to terminate part of an investigation into alleged dumping and subsidisation of certain aluminium extrusions.

These aluminium extrusions were exported to Australia from Việt Nam and Malaysia.

The ADC determined that Vietnamese producers had not received any countervailable subsidy from the Government of Việt Nam for the products under investigation, or had received but not exceeded the negligible level of countervailable subsidy. Therefore, the ADC decided to terminate the anti-subsidy investigation with Việt Nam.

However, Australia continues to conduct anti-dumping investigations. The ADC published the Statement of Essential Facts, which identified preliminary countervailing margins for co-operative entities in the investigation process at 6.9-17.5 per cent and margins for non-cooperative entities at 34.9 per cent.

In August 2016, ADC initiated an investigation into dumping and countervailing duty on aluminium extrusions exported to Australia from Việt Nam and Malaysia.

The investigation followed an application lodged by Capral Limited, a manufacturer of aluminium extrusions in Australia.

The application alleged that the goods had been exported to Australia at prices less than their normal value and received countervailable subsidies from Việt Nam and Malaysia.

The investigation examined exports during the period from July 1, 2015 to June 30, 2016, to determine whether dumping or subsidisation had occurred. Details of the Australian market were examined from July 1, 2012, for injury analysis purposes.

Capral estimated dumping margins of Vietnamese products at 10.19 per cent, while the subsidy margin for exports was negligible.

It said the dumping and subsidisation had caused material injury to the Australian aluminium extrusions industry in the form of price suppression, loss of profits, reduced profitability and reduced capital expenditure, as well as reduced return on investment.— VNS

 

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