70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Agriculture
Vietnam imposes anti-dumping duty on sugar from Thailand
Phi Nhat 16:21, 2021/06/16
The tariff is valid for five years, starting from June 16.

Vietnam on June 16 officially slaps anti-dumping of 42.99% and countervailing duties of 4.65% for five years on sugar originating from Thailand.

 A local farmer is harvesting sugarcane. Photo: VNA

The Ministry of Industry and Trade (MoIT) will impose the rates on imported sugarcane under HS codes 1701.13.00, 1701.14.00, 1701.99.10, 1701.99.90, 1702.90.91 with the aim to ensure a fair and competitive environment for Vietnam’s sugar industry. 

The customs authority of Vietnam will check the Certificate of Origin (C/O) on sugar from Thailand in accordance with the ASEAN Trade in Goods Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the UK-Vietnam Free Trade Agreement (UKVFTA).

Earlier, last September, the Trade Remedies Authority of Vietnam stated that the Thai government has been maintaining a number of policies subsidying its sugarcane aquaculture and sugar growers. 

The investigation came from a complaint last August filed by six Vietnamese enterprises. They argued Thai sugarcane imports had seriously hurt their production and business activities. They proved that in 2020, Thai businesses shipped nearly 1.3 million tons of subsidized sugar to Vietnam, an increase of 330.4% against 2019. Consequently, as many as over 3,000 workers have lost their jobs and some 90,000 farmers have been affected, according to MoIT.

In February, the MoIT decided to levy a 33.88% temporary anti-dumping and countervailing tariffs on sugar imported from Thailand.

On May 12, the MoIT’s Trade Remedies Authority held an online consultation related to the anti-dumping investigation on sugarcane originating from Thailand with the participation of more than 80 delegates. 

Domestic manufacturers said the Thai government spent nearly US$1.3 billion per year on subsidizing export and direct payment during the sugar price falling period.

In the 2019-20 period, the Thai government continues to subsidize by supporting sugarcane farmers to buy production materials with a total budget of US$325 million, according to a recent report by Vietcombank Securities.

This caused serious damage to Vietnam’s sugar industry and the domestic manufacturers requested to impose an anti-dumping tax on Thai sugarcane. 

The investigation was carried out properly in a fair and transparent manner in accordance with Vietnam's law and the World Trade Organization rules, the MoIT affirmed.

RELATED NEWS
TAG: anti-dumping duty sugar imports Thailand
Other news
17:08, 2024/03/21
Hanoi boosts sustainable aquaculture with high-tech farming
The average fish farm productivity in Hanoi is about five tons per hectare. This can reach 10 to 12 tons in modern aquaculture.
22:51, 2024/03/17
Hanoi craft contest to fosters artisanal preservation
The awards ceremony for outstanding products will be held in the fourth quarter of this year.
15:30, 2024/03/13
Hanoi expands safe supply chains
Cooperation between Hanoi and other localities under the Coordinated Program to Ensure Food Safety has made an important contribution to securing sources of supply, especially during holidays.
07:24, 2024/03/09
Farm economy – bright spot of Hanoi agriculture in 2024
Farms in Hanoi are thriving, but there are deficiencies in scale and planning that have prevented the full potential of the agricultural economy from being realized.
08:07, 2024/03/06
Conservation and promotion of medicinal plants in Hanoi
Hanoi has set a goal of planting 400 hectares of medicinal plants by 2025 and 1,000 hectares by 2030.
21:05, 2024/03/05
More than 100 four-star OCOP products recognized in 2023
The Hanoi People’s Committee on March 4 issued a Decision approving the evaluation and grading results of the One Commune One Product (OCOP) program.