25 C
Ho Chi Minh City
Wednesday, July 28, 2021

Vietnam to review anti-dumping measures against Chinese aluminum

Must read

HANOI – One year after adopting antidumping measures on some aluminum products originating from China, the Ministry of Industry and Trade is set to review the application and make a new decision on Chinese aluminum products.

The Trade Remedies Authority of Vietnam under the ministry on July 29 announced that it had received petitions for a review over antidumping measures for some aluminum products imported to Vietnam from China.

The Ministry of Industry and Trade has the right to make a decision on reviewing the implementation of antidumping measures one year since the date of the application in line with the Law on Foreign Trade Management, according to the authority.

In late September last year, the ministry announced the results of an antidumping probe into some aluminum products from China, which was conducted in January in 2019. The results indicated that the local aluminum sector had suffered injuries as Chinese aluminum products were being dumped in the market.

In 2018, the volume of extruded aluminum bars imported from China to Vietnam doubled that of 2017.

As a result, Vietnam imposed antidumping duties of 2.49%-35.39% on aluminum products from China in October to safeguard the interests of local producers.

Based on the results of the review, the ministry will decide whether it will impose new tariffs.

By Lan Nhi

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles