Thai sugar is applied anti-dumping duties and countervailing duty by nearly 34%

VCN – The Ministry of Industry and Trade has promulgated Decision No.477/QĐ-BCT on the temporary application of anti-dumping duties and countervailing duty for sugar cane originating from Thailand.
5329-2810-8-3836-mia-baohaiquan
illustration image.

The Ministry of Industry and Trade decided to temporarily collect anti-dumping duty and countervailing duty for raw sugar originating from Thailand at 33.88%.

This tax rate will be regularly reviewed to ensure a fair competitive environment if there is a strong shift from importing refined sugar and white sugar to importing raw sugar to avoid higher levels of anti-dumping and countervailing duty.

To make the final conclusion about the case, the Ministry of Industry and Trade will continue to work with stakeholders, verify data and hold a public consultation session so all parties can have the opportunity to express their opinions while assessing the impact of the case on stakeholders.

The case is expected to finish the investigation in the second quarter of this year.

The Ministry of Industry and Trade started to investigate the case on September 21, 2020 on the basis of the results of assessing dossier requesting for applying anti-dumping, countervailing duty of representatives of the domestic manufacturing industry.

After nearly five months conducting the investigation in accordance with the provisions of the World Trade Organization, the Foreign Trade Management Law and related regulations, the Ministry of Industry and Trade carefully considered and assessed the damage of the domestic manufacturing industry, the level of dumping and subsidies of Thai sugar producers and exporters as well as the calculation of impacts on downstream production industries and consumers.

The survey results showed the domestic cane sugar industry has suffered heavy losses in recent times. A series of sugar factories were closed, causing serious impacts on employment.

According to calculations, 3,300 workers lost their jobs and 93,225 farming households were affected due to difficulties in domestic production. The main reason for the above situation is sugar imported from Thailand was subsidised and dumped increased significantly in 2020, up to nearly 1.3 million tonnes, up 330.4% compared to 2019.

The survey results showed sugarcane products imported from Thailand, including refined sugar and raw sugar, were subsidised, dumped at 48.88%. Therefore, the temporary anti-dumping duty rate for cane sugar products imported from Thailand is 48.88%.

However, after considering the socio-economic impacts in accordance with the Law on Foreign Trade Management, to ensure harmony between the interests of farmers, the domestic sugar production and processing industry (including conditions of raw materials for production), consumers; based on information collected and calculated during the investigation, opinions of state management agencies as well as other parties, the Ministry of Industry and Trade decided to temporarily collect anti-dumping duty and countervailing duty for raw sugar originating from Thailand at 33.88%.

By Thanh Nguyễn/Thanh Thuy

Related News

Anti-dumping duty of 54.9% to be applied for shipments without C/O

Anti-dumping duty of 54.9% to be applied for shipments without C/O

VCN – If a Customs declarant fails to submit a certificate of origin of goods, the customs authority will impose an anti-dumping duty of 54.9% on imports, the General Department of Vietnam Customs said.
No basis to affirm that silicon steel is not subject to anti-dumping duty

No basis to affirm that silicon steel is not subject to anti-dumping duty

VCN - According to Official Letter No. 136/PVTM-P1 dated February 25, 2019 of the Trade Remedies Authority of Vietnam (Ministry of Industry and Trade), the General Department of Vietnam Customs has no basis to confirm that silicon steel is not subject to anti-dumping duty.
India decides not to impose anti-dumping duty on MDF boards from Vietnam

India decides not to impose anti-dumping duty on MDF boards from Vietnam

The Indian Finance Ministry has decided to not impose anti-dumping duty on several types of medium density fiber (MDF) boards having thickness below 6mm imported from Vietnam, Malaysia, Thailand and Indonesia, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV).
Ministry keeps anti-dumping duty on aluminium from China

Ministry keeps anti-dumping duty on aluminium from China

The Ministry of Industry and Trade has decided to continue imposing anti-dumping duties on certain aluminium products originating from China with a tax rate from 4.39 per cent to 35.58 per cent after carrying out the first review.

Latest News

Việt Nam boosts supporting industries with development programmes

Việt Nam boosts supporting industries with development programmes

Việt Nam’s supporting industries play a crucial role in the development and competitiveness of key sectors, receiving substantial government investment and support.
VN

VN's wood industry sees chances and challenges from US new trade policies

Việt Nam’s wood industry will need to be flexible due to the anticipated new trade policies of US President-elect Donald Trump in the future, according to experts.
Vietnam

Vietnam's fruit, vegetable exports reach new milestone, topping 7 billion USD

Vietnam’s efforts in expanding export markets for its fruits and vegetables in 2024 has paid off as for the first time, the export of these products has brought home 7.2 billion USD, much higher than the figure of 3.3 billion USD two years ago.
Aquatic exports hit 10 billion USD

Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.

More News

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

VCN - According to the General Department of Customs, Vietnam-China trade is expected to reach a new record of approximately US$200 billion in 2024. This milestone marks a record in bilateral trade that Vietnam has achieved with a partner.
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
Vietnam-US trade thrives on effective mechanisms: trade counsellor

Vietnam-US trade thrives on effective mechanisms: trade counsellor

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.
Opening of overseas markets boosts coconut exports

Opening of overseas markets boosts coconut exports

Signed trade agreements are creating favourable conditions for coconut to truly become a key industrial crop. However, this is also a challenge that requires a sustainable development strategy so that coconut products can meet the increasing standard requirements of export markets.
Increasing consumption demand, steel enterprises face many opportunities

Increasing consumption demand, steel enterprises face many opportunities

VCN - Vietnam's steel industry is benefiting from increasing domestic and export demand for steel. However, entering 2025, the industry still faces many challenges.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
UK’s carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK’s carbon border adjustment mechanism will take effect in 2027.
Removing obstacles in granting certificates of exploited aquatic products

Removing obstacles in granting certificates of exploited aquatic products

VCN - Prime Minister Pham Minh Chinh requested to review all regulations related to the organization and issuance of certificates of origin of exploited aquatic products (SC) at fishing ports, issuance of certificates of origin of exploited aquatic products (CC), and amend inappropriate regulations that cause difficulties and hinder production and business activities in the field of exploitation, processing and export of seafood.
Read More

Your care

Latest Most read
Việt Nam boosts supporting industries with development programmes

Việt Nam boosts supporting industries with development programmes

Việt Nam’s supporting industries play a crucial role in the development and competitiveness of key sectors, receiving substantial government investment and support.
VN

VN's wood industry sees chances and challenges from US new trade policies

Việt Nam’s wood industry will need to be flexible due to the anticipated new trade policies of US President-elect Donald Trump in the future, according to experts.
Vietnam

Vietnam's fruit, vegetable exports reach new milestone, topping 7 billion USD

Vietnam’s efforts in expanding export markets for its fruits and vegetables in 2024 has paid off as for the first time, the export of these products has brought home 7.2 billion USD, much higher than the figure of 3.3 billion USD two years ago.
Aquatic exports hit 10 billion USD

Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.
Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

According to the General Department of Customs, Vietnam-China trade is expected to reach a new record of approximately US$200 billion in 2024.
Mobile Version