Vietnam increases anti-dumping tax on some sugar imports from Thailand
16 June, 2021
Vietnam has imposed an anti-dumping levy of 47.64 % on some sugar products from Thailand for five years to displace a short-term tax introduced in February, the country's industry and trade ministry said on Wednesday (Jun 16).
The decision employs the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry.
The probe showed that subsidised sugar shipments from Thailand surged 330.4 per cent to at least one 1.3 million tonnes in 2020 and the imports were undermining the domestic sugar industry, the ministry said in a statement.
Previously the industry ministry imposed a momentary 33.88 per cent levy on Thai sugar in February.
Sansern Samalapa, Thailand's vice commerce minister, told Reuters the country's embassy in Vietnam would initially respond by filing an objection and have Vietnam to open another investigation to examine the measures again next year.
"We'll ask Vietnam to review this again next year and open a fresh investigation ... to confirm that people didn't dump on the market and to keep these things decrease the tax," said Sansern.
Vietnam removed import duties on sugar imported from Southeast Asian countries in 2020, relative to the commitments of the ASEAN Trade in Goods Agreement.
However, provisions permit the Association of Southeast Asian Nations (ASEAN) to impose import duties to safeguard the rights and interests of their domestic industries against anti-competitive behaviour.
In the future, Vietnam will continue steadily to coordinate with relevant agencies to monitor the impact of anti-dumping measures, the Vietnamese industry ministry said.
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