HA NOI (VNS) — Brazil's Development, Industry and Foreign Trade Ministry has stopped its investigation into the alleged dumping of viscose fibre by Vietnamese and Turkish companies and begun a probe of Viettnamese-made bicycle tyre imports into Brazil.
According to Viet Nam's Ministry of Industry and Trade, the investigation had been ongoing since last September.
The Brazilian Department of Commercial Defence held a question and answer session with Vietnamese exporters eight months later.
By the end of last month, it had officially concluded that the investigation had been halted.
According to Viet Nam's Ministry of Industry and Trade, this has raised the status of Vietnamese fibre exporters throughout the world.
However, the ministry suggested that a lesson had been learned and that Vietnamese enterprises should focus on broadening their markets instead of making fast growth in just one.
It said that fast growth had prompted the Brazilian manufacturers to take trade defence measures to protect their own industry.
Although Brazil annulled its investigation into alleged dumping practices, it would re-open the case when more proof emerge.
Brazil has begun an anti-dumping investigation into bicycle tyres sold by Viet Nam, according to the Viet Nam Competition Authority.
Three countries have come under investigation – China and India being the others but with only India being considered a market economy by Brazil, it has been chosen as a reference for calculating dumping margins for the other two.
The price applied in this case is US$5.66 per kilogramme, the rate at which India exported to Germany during the investigation period (April 2011 to March 2012).
Vietnamese tires were exported to Brazil at $2.86.
Vietnamese tyre exporters have 40 days starting on September 3 to reply to Brazil, though they can ask for another 30 days.
Involved parties, including trading companies and business groupings, have 20 days to register to join the lawsuit.
This is Brazil's third anti-dumping case against Viet Nam this year after investigations into rolled steel and automobile tyres.
Last year, Brazil also conducted anti-dumping investigation into the Vietnamese yarn.
The Government has advised businesses to contact the Viet Nam Competition Authority for assistance (25, Ngo Quyen Street, Ha Noi). Telephone: (04) 22205002 ext: 1036.
They can also obtain information on anti-dumping cases from the Ministry of Industry and Trade's www.canhbaosom.vn or www.earlywarning.vn.
The website provides early warning for Vietnamese products that could face trade sanctions like anti-dumping. — VNS