Thai sugar is applied anti-dumping duties and countervailing duty by nearly 34%
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%.
Related News
Anti-dumping duty of 54.9% to be applied for shipments without C/O
13:22 | 30/03/2022 Regulations
No basis to affirm that silicon steel is not subject to anti-dumping duty
14:13 | 25/11/2021 Regulations
India decides not to impose anti-dumping duty on MDF boards from Vietnam
20:16 | 13/08/2021 Import-Export
Ministry keeps anti-dumping duty on aluminium from China
15:00 | 03/05/2021 Import-Export
Latest News
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
More News
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
17:29 | 03/11/2024 Import-Export
Vietnam and UAE trade sees billion-dollar growth
07:15 | 03/11/2024 Import-Export
Sharing responsibility for ensuring security and safety of the supply chain
07:13 | 03/11/2024 Import-Export
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Your care
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export