Anti – Dumping Tariff May Officially be Imposed on Galvanized Steel

The result of anti – dumping investigation into galvanized steel originating from China, Korea imported into Vietnam was issued on Mar 6th, 2017 after one year of investigation.

Anti – Dumping TariffMay Officially be Imposed on Galvanized Steel

Ministry of Industry and Trade has informed about the final finding of anti-dumping investigation into Galvanized Steel exported to Vietnam from China, and Korea.

Accordingly, on March 3rd, 2017, Vietnam Competition Authority (VCA) finished investigation process of the case and sent the final determination daft to concerned parties.

Based on the conclusion, Ministry of Industry and Trade shall decide whether or not to apply trade remedy measures galvanized steel.

On March 3rd, 2016, Ministry of Industry and Trade issued Decision No. 818/QĐ-BCT on investigation of anti-dumping case against galvanized steel products originating from People’s Republic of China (including Hong Kong) and South Korea imported into Vietnam.

The investigation duration is one month. During the investigation process, on Sep 1st, 2016, Ministry of Industry and Trade imposed temporary anti – dumping tariff on Galvanized Steel imported into Vietnam

Accordingly, the temporary anti-dumping tax rates on galvanized steel originating from China (includes Hong Kong) and Korea is between 4.02-38.34%

Many businesses were imposed at high tax imposed the temporarily for anti-dumping upto 38,34%.

If the temporary anti-dumping tariff is continued to be imposed, many Vietnam steel corporations will benefit.  In the meantime, the foreign steel exporter whom export to Vietnam considers decision of imposing high anti-dumping rates are unfair due to the way VCA utilized to calculate the dumping margin.

The  anti-dumping laws in Vietnam will continue be adjusted as Vietnam further integrate into the global business.  The changes of laws will be monitored by ANT Lawyers international trade practice  in Hanoi, Da Nang and Ho Chi Minh City to provide clients with updates.

ANT Lawyers has law offices in Hanoi, Ho Chi Minh, and Da Nang City.  For advice or service request, please contact us via email ant@antlawyers.vn, or call +84 8 3520 2779.  To learn more about us, visit www.antlawyers.vn.

Source: ANTLawyers.vn