JavaScript is off. Please enable to view full site.

Turkey begins antidumping probe into Vietnam, Malaysia steel over dishonest China exporters

Turkey begins antidumping probe into Vietnam, Malaysia steel over dishonest China exporters

Saturday, December 20, 2014, 20:06 GMT+7

The import department under the Turkish Ministry of Economy has launched an antidumping probe into steel imports from Vietnam and Malaysia, the Vietnam Competition Authority (VCA) announced Friday.

The Turkish side unveiled the investigation into Vietnam’s cold rolled stainless steel welded tubes in an announcement on December 12, the VCA, under the Ministry of Industry and Trade, said on its website, citing the Vietnamese trade office in Turkey.

The investigation will review the steel imports from Vietnam to Turkey between January 1, 2013 and October 31, 2014, following a complaint by M/s Jindal Stainless Limited, according to the VCA.

The plaintiff has said that some Chinese and Taiwanese exporters shipped their products to Vietnam and Malaysia before transporting them to the European country to dodge the antidumping taxes slapped on their exports.

On March 15, 2013, Turkey levied antidumping taxes on cold rolled stainless steel welded tubes imported from mainland China and Taiwan following an investigation.

Chinese and Taiwanese steel shipments to Turkey have since slowed down while volumes from Vietnam and Malaysia have risen dramatically, raising suspicions of a dishonest move to avoid taxes, according to Turkish investigators.

Vietnam is Turkey’s tenth largest trading partner in the Asia-Pacific region, the Turkish Ministry of Economy said on its website.

The Southeast Asian country is Turkey’s 105th largest export market, and 37th largest supplier of merchandise imports.

Turkish merchandise exports to Vietnam were worth $90 million in 2012, while imports stood at $1.2 billion the same year.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

TUOI TRE NEWS

Read more

Vietnam's 2024 GDP growth quickens to 7.09%

The strong rebound in growth in 2024 was also helped by the government increasing coal imports for power generation to avoid a repeat of previous years' electricity shortages

19 hours ago
;

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news

German Christmas market attack death toll rises to six

A 52-year-old woman has died in hospital from injuries sustained after a man drove his car into a German Christmas market last month, a spokesperson for the local public prosecutor's office said on Monday, bringing the death toll from the attack to six

French marine park closes over law banning killer whale shows

A French marine park on Sunday closed down definitively over a 2021 law banning shows featuring marine mammals, leaving uncertain futures for the two last orcas in captivity in the country, hundreds of other animals as well as dozens of staff