Illustrative photo. (Source: thuongtruong.com.vn)The report is now due to be released on or before August27, 2021, the Ministry of Industry and Trade’s Trade Remedies Authority ofVietnam (TRAV) quoted the ADC as saying in its new statement.
The ADC on June 1 issued the Preliminary AffirmativeDetermination on the probe, saying there appear to be insufficient grounds forthe publication of a dumping duty notice and a countervailing duty notice inrespect of precision pipes and tubes exported from Vietnam.
It found no evidence of significantly different pricesfor raw materials in Vietnam compared to other Asian countries nor officialGovernment plans to control or otherwise influence Vietnam’s steel industry.
The ADC said it was also unaware of any intervention bythe Vietnamese Government affecting the normal value of the product.
There exists no evidence of a continuing impact fromsteel master plans developed by the Vietnamese Government as these plans havebeen invalid since 2019, according to the findings.
Dumping margins were found to range from -12.2 percent to-6.5 percent among Vietnamese exporters while subsidy margins were determined atonly 0 – 0.1 percent. Therefore, it is not necessary for Australia to requireand take securities on the products exported from Vietnam.
According to statistics from the General Department ofVietnam Customs, the export turnover of Vietnamese precision steel pipes toAustralia in 2019 topped 15 million USD./.
VNA
