Việt Nam News

Thailand imposes anti-dumping duty on Vietnamese steel products

February 25, 2020 - 15:17

Thailand will impose anti-dumping tariff ranging from 6.97 per cent to 51.61 per cent of cost, insurance and freight (CIF) prices on some imported steel products from Việt Nam.

Illustration photo. Thailand will impose anti-dumping tariffs on some imported steel products from Việt Nam. — Photo cafef.vn

HÀ NỘI — Thailand will impose anti-dumping tariffs ranging from 6.97 per cent to 51.61 per cent of cost, insurance and freight (CIF) prices on some imported steel products from Việt Nam, the Trade Remedies Authority of Việt Nam under the Ministry of Industry and Trade said.

The Việt Nam Trade Office in Thailand has informed the authority on Thailand's final conclusion of an anti-dumping investigation on a number of iron and steel pipes and tubes originating or imported from Việt Nam including 169 HS codes.

The move aims to protect the Thai domestic manufacturing sector.

However, anti-dumping duties are exempted from the importation of related goods for production for export, goods imported for special use or goods classified as special categories.

In accordance with the Anti-Dumping Agreement, the anti-dumping duty will be applied for a maximum of five years and members can carry out any reviews every year.

Therefore, the Trade Remedies Authority of Việt Nam recommended that relevant Vietnamese exporters continue to consider participating in the reviews to ensure their rights and interests. — VNS

Tags steel anti-dumping tax

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