Vietnam to review measures for Thai sugar
The Ministry of Industry and Trade (MoIT) has launched its final review of anti-dumping and countervailing duties on sugar imports from Thailand. This periodic review targets specific sugar products under designated HS codes. Authorities will assess whether duties, initially imposed in 2021, should continue, based on economic impact, potential dumping risks, and feedback from stakeholders in the sugar trade.
The Ministry of Industry and Trade (MoIT) has stated that it has begun its final review of anti-dumping and countervailing duties on sugar products imported from Thailand, in line with World Trade Organisation (WTO) regulations and domestic law, according to the local media.
The review targets specific sugar products from Thailand, identified under HS codes 1701.13.00, 1701.14.00, 1701.91.00, 1701.99.10, 1701.99.90, and 1702.90.91. These include refined and raw cane sugar, including granulated sugar, white sugar, RE sugar and RS sugar.
In June 2021, the MoIT imposed official anti-dumping duties ranging from 25.73% to 42.99% and countervailing duties ranging from 0% to 4.65%, depending on the exporter or producer, through Decision No. 1578/QĐ-BCT.
This current review, which occurs every four years, aims to determine whether these duties should continue and if their continuation remains justified. The review will also assess the potential economic and social impacts of maintaining or removing the duties.
The Trade Remedies Authority will consider whether dumping or subsidisation is likely to restart if the duties are lifted, and whether this could harm the domestic industry. Additionally, the authority will examine the connection between potential resumed dumping or subsidisation and any damage to domestic producers.
As part of the review, the agency will distribute questionnaires to stakeholders, including importers, exporters, producers, and distributors, to collect data for its analysis.
The MoIT has urged all parties involved in the import, export, production, and distribution of the specified sugar products to register as interested parties and submit the necessary information to safeguard their legal rights and interests.
To Read more about Sugar Industry continue reading Agriinsite.com
Source : Chinimandi
