The International Trade Practices Unit (UPCI) of Mexico imposed an anti-dumping rate for Vietnamese steel enterprises ranging from 0 to 10.84 per cent. — Photo baodautu.vn

HÀ NỘI — The International Trade Practices Unit (UPCI) of Mexico’s Ministry of Economy has decided to adjust the tax rate imposed on galvanised steel imports from Việt Nam, according to the Ministry of Industry and Trade (MoIT).

On August 30, 2021, Mexico commenced an anti-dumping investigation into the imports from Việt Nam following a request from domestic producers. Then, on September 14, 2022, the UPCI issued an anti-dumping tax rate of 0 per cent-12.34 per cent.

In its final conclusion, it determined that Việt Nam's steel industry operated under the market mechanism, and imposed an anti-dumping rate for Vietnamese enterprises ranging from 0 to 10.84 per cent.

According to the MoIT, during the investigation, the ministry closely coordinated with the Vietnamese Embassy in Mexico through different channels to express their views and propose not to use the calculation method that is unfavourable for Vietnamese exporters.

The tax reduction by the UPCI in the final determination helps Vietnamese steel enterprises to continue to export to Mexico. This tax rate is also considered relatively low compared to those that Mexico applies to steel products in particular and other products in general in anti-dumping investigations it initiates.

Data from the International Trade Centre ( ITC) showed that Việt Nam earned US$170 million from exporting galvanised steel to Mexico in 2020, and $370 million last year. — VNS