Australia starts anti-dumping probe for rod in coils from Vietnam

TIN LIÊN QUAN
	Prime Minister meets Japanese entrepreneurs
	U.S. proposed to soon recognize VN's market economy

Illustrative photo. (Photo: NDO)

According to the Vietnam Competition Authority under the Ministry of Industry and Trade, Vietnam’s products targeted by the investigation bear the HS codes of 7213.91.00.44, 7227.90.90.02, and 7227.90.90.42. Those products are currently not subject to tax when exported to Australia.

The probe was triggered by a complaint filed by Australian steel producer OneSteels Company that took effect on May 31. The period subject to the anti-dumping investigation was from April 1, 2016 to March 31, 2017, while the period under damage enquiry was from January 2013 to present.

The dumping margins calculated by the plaintiff are 30.6 percent for Vietnam, 30.6 percent for Indonesia, and 43.3 percent for the RoK.

However, the ADC’s estimated dumping margins are 20.9 percent for Vietnam, 29.8 percent for Indonesia and 20.9 percent for the RoK.

The applicant claimed that due to a particular market situation with regard to taxes on the two main inputs, the domestic selling price for Vietnam is not appropriate for use in determining the normal value.

The Vietnam Competition Authority said ADC could adopt temporary anti-dumping measures but not earlier than 60 days since the launch of the investigation.

ADC is due to issue Essential Facts on September 25, 2017 and the involved parties will have 20 days to give opinions on this document.

Earlier, Australia carried out anti-dumping investigation for this product imported from Indonesia and China’s Taiwan.

PM meets Chairman of Hong Kong Trade Development Council PM Nguyen Xuan Phuc hosted a reception for a delegation of Hong Kong (China) businesses, led by Chairman of the Hong Kong Trade Development Council Luo Kangrui, in Ha Noi on May 10.

VN, Portugal agree to raise trade volume to US$1 bln Deputy PM, FM Pham Binh Minh and Portuguese FM Augusto Santos Silva have agreed to double efforts to raise the two-way trade value to US$1 billion ...

ADB supports SMEs in VN The Asian Development Bank (ADB)'s Trade Finance Program (TFP) is aimed at assisting Viet Nam and its businesses to expand trading opportunities, increasing competitiveness and promoting equitable ...