|Refined sugar at the KCP company in coastal province of Phú Yên.(File photo from nhandan.com.vn)|
[Asia News = Reporter Reakkana] HANOI: Vietnam's industry and trade ministry said on Wednesday (Jun 16) that the country has imposed an anti-dumping levy of 47.64 percent on some sugar products from Thailand for five years to replace a temporary tax introduced in February, Reuters reported.
The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. The probe showed that subsidized sugar shipments from Thailand surged 330.4 percent to 1.3 million tonnes in 2020 and the imports were undermining the domestic sugar industry, the ministry said in a statement. Earlier in February, the industry ministry imposed a temporary 33.88 percent levy on Thai sugar.
Thailand's vice commerce minister, Sansern Samalapa, told Reuters the country's embassy in Vietnam would initially respond by filing an objection and ask Vietnam to open another investigation to review the measures again next year. Vietnam removed import duties on sugar imported from Southeast Asian countries in 2020, in accordance with the commitments of the ASEAN Trade in Goods Agreement. But, provisions allow the Association of Southeast Asian Nations (ASEAN) to impose import duties to protect the rights and interests of their domestic industries against anti-competitive behavior. Vietnamese industry ministry added that the country will continue to coordinate with relevant agencies to monitor the impact of anti-dumping measures in the future.