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.
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
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