Trang chủ / / Agrinews

Việt Nam initiates anti-dumping investigation on sugar imported from Thailand

Việt Nam initiates anti-dumping investigation on sugar imported from Thailand
Tác giả: VNS
Ngày đăng: 02/12/2020

HÀ NỘI — Việt Nam for the first time will investigate signs of dumping of sugar imported from Thailand, said the Ministry of Industry and Trade (MoIT) on Monday.

The increase of imported sugar has left the local sugar industry suffering. — VNA/VNS Photo Xuân Tư

The ministry on Monday issued Decision No 2466/QD-BCT on initiating an anti-dumping and anti-subsidy investigation for imported sugar from Thailand on the basis of the documents requested by the Việt Nam m Sugar and Sugarcane Association (VSSA) and domestic sugar producers.

According to the ministry, implementing Việt Nam’s commitments in ASEAN related to the application of tariff quotas under the WTO, Việt Nam abolished the sugar import tariff quotas for ASEAN countries from January 1, 2020.

However, in the first eight months of this year, the amount of sugar imported increased dramatically, reaching nearly 950,000 tonnes, a rise of more than six times over the same period last year.

The amount of sugar imported from Thailand to Việt Nam in the period accounted for a large proportion, reaching nearly 860,000 tonnes while that of the corresponding period last year was 145,000 tonnes.

According to representatives of the domestic producers, the increase was the main cause of damage to the local sugar industry, pushing Vietnamese enterprises to lose market share and reducing production output.

The domestic sugar production in the 2019-20 crop was estimated at less than 800,000 tonnes, reducing from 1.2 million tonnes in the 2018-19 crop.

In addition, the industry has provided information and evidence that sugar products imported from Thailand are dumping into Việt Nam and the Thai Government has been maintaining a number of policies supporting sugarcane activities of farmers and the industry.

The MoIT will conduct investigations to establish a fair, competitive environment in the context of international economic integration, protect the legitimate rights and interests of the local industry against the anti-competitive acts.

According to the Law on Foreign Trade Management, the ministry could impose anti-dumping and anti-subsidy tax with retroactive effect on goods subjected to tax for a period of 90 days before applying temporary anti-subsidy and anti-dumping taxes.

MoIT recommended that organisations and individuals in the process of signing contracts for importing, distributing, trading and using goods under investigation should pay attention to the possibility of being subject to temporary anti-dumping and countervailing duties as well as retroactive anti-dumping and countervailing taxes.


Có thể bạn quan tâm

Ben Tre launches first fruit shipment to EU market under EVFTA Ben Tre launches first fruit shipment to EU market under EVFTA

A launching ceremony of the first fruit shipment to EU market under the European Union-Vietnam Free Trade Agreement (EVFTA) took place in Mekong Delta province

28/11/2020
Vietnam initiates anti-dumping investigation into Thai sugar Vietnam initiates anti-dumping investigation into Thai sugar

The Ministry of Industry and Trade (MoIT) has initiated anti-dumping and anti-subsidy investigations into a number of different types of sugar imported

02/12/2020
Vegetables and revenues are growing strong in Vân Hồ District Vegetables and revenues are growing strong in Vân Hồ District

Lives in a small poor remote village of Vân Hồ District, northern mountainous Sơn La Province are showing signs of improvement after farmers switched their long

02/12/2020