Vietnam imposes duties on imported steel wire, rolled steel

23-May-2019 Intellasia | Vietnamnet | 6:00 AM Print This Post

The Trade Remedies Authority of Vietnam announced that it has recently issued a decision on application of measures to prevent imported steel wire and rolled steel products from avoiding trade remedies.

Vietnam imposes duties on imported steel wire, rolled steel

The measure to prevent trade remedies avoidance is applied in the form of additional import tax with a tax rate of 10.9 percent from May 28, 2019 to March 21, 2020 (if the first trade remedies measure does

not extend).

If organisations and individuals importing the aforesaid steel products think that their imported goods are different from domestically made ones, they can submit petitions to ask for exemption from application of trade remedies measures. The procedure for exemption for the application of trade remedies is carried out in accordance with current regulations.

The Trade Remedies Authority of Vietnam also said that the Ministry of International Trade and Industry of Malaysia on May 8 revised anti-dumping duties imposed on imports of cold rolled coils of alloy and

non-alloy steel originating or exported from China, South Korea and Vietnam.

Accordingly, MITI slapped antidumping duties of 2 percent to 13.68 percent on Vietnamese steel, effective from May 8, 2019 to May 23, 2021.

Earlier, MITI announced on November 8, 2018 that it would initiate an antidumping investigation into imports of cold-rolled coils of iron or non-alloy steel.


Category: Economy, Vietnam

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