Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) has decided to imposeself-defence measures on imported DAP and MAP fertilisers after a comprehensivereview of their impact on the Vietnamese market in line with the law.
Theimported DAP and MAP fertilisers are subject to self-defence tariffs inaccordance with the Law on Foreign Trade Management and the World TradeOrganisation’s regulations.
TheMoIT also consulted State management agencies, including theMinistry of Agriculture and Rural Development (MARD), about the review.
Accordingly,the tariffs will be lower and applicable for shorter time than those ruled by theWTO. They will be gradually reduced according to the schedule, towardsmaintaining a competitive environment to bring benefits to fertiliserconsumers.
TheMoIT is also working with ministries and agencies concerned to closely track theworld prices of DAP and MAP fertilisers as well as input materials.
DAPfertiliser prices have recently increased due to several external factors suchas hike in prices of input materials and transportation services. Domesticdemand for it basically does not rise compared to previous years.
Additionally,prices of domestically-made DAP have not gone up, contributing to containing itscommon price increase.
Therefore,self-defence measures are necessary to bring a fair competitionenvironment for domestic and imported goods.
TheMoIT will continue partnering with the MARD and relevant units to reviewself-defence measures objectively and comprehensively in line with the law./.
