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Vietnam investigates trade remedy evasion by imported cane sugar

Vietnam investigates trade remedy evasion by imported cane sugar

Wednesday, September 22, 2021, 17:26 GMT+7
Vietnam investigates trade remedy evasion by imported cane sugar
A sugarcane field in Vietnam. Photo: Tuoi Tre

Vietnam’s Ministry of Industry and Trade has decided to investigate the evasion of trade remedies by cane sugar products originating in Thailand after considering requests from domestic sugar producers.

The ministry said it has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) and domestic cane sugar refineries, which submitted evidence that Thai cane sugar products subject to anti-dumping and anti-subsidy taxes have entered the Vietnamese market through five ASEAN countries, namely Laos, Cambodia, Indonesia, Malaysia, and Myanmar.

The ministry previously imposed anti-dumping and anti-subsidy duties on a number of cane sugar products originating in Thailand on June 15.

Data of local customs agencies showed that the volume of sugar imported from these five countries had increased sharply from 107,600 to 527,200 metric tons after Vietnam initiated an anti-dumping and anti-subsidy investigation into sugar from Thailand from October 2020 to June 2021.

Meanwhile, the volume of sugar imported from Thailand decreased nearly 38 percent, from 955,500 to 595,000 metric tons during the same period.

In accordance with regulations, the Ministry of Industry and Trade will work with relevant parties to collect information in order to analyze, evaluate, and clarify the allegations and related evidence.

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Tuoi Tre News


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