MoIT sets official anti-dumping tariff on some BOPP film products from China, Thailand and Malaysia (Photo: thoibaotaichinh.vn)Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) has appliedanti-dumping measures on some products with biaxially oriented polypropylene(BOPP) film originating from China, Thailand and Malaysia.
From July 23, several products with BOPP film from those countries will betaxed from 9.05 percent to 23.71 percent in the local market.
After requests from the domestic industry in April 2019, the MoIT startedinvestigating the products from August last year. The investigation was carriedout in accordance with the provisions of the World Trade Organization, the Lawon Foreign Trade Administration and related regulations.
On March 18 this year the ministry issued a decision to apply provisionalantidumping duties.
According to the MoIT’s surveys and assessments, due to the cheap products fromabroad, the local BOPP film industry has been suffering significant losses inrecent years with severe declines in sales volume, revenues, profits,market share and production capacity. The investigation found the dumpingmargin of imported goods is determined to be from 9.05 percent to 23.71 percent.
As a result, the ministry issued a decision to apply official anti-dumpingduties to minimise the damage to the manufacturing industry.
The MoIT said it set official anti-dumping duty rates basically lower thanthe preliminary tariffs previously applied in March to balance the interests ofthe local manufacturing industry and benefits of consumers and industries usingBOPP film products.
It also excluded some special BOPP film products from the list of anti-dumpingmeasures as local manufacturers do not yet produce them.
The anti-dumping measures will be effective for five years./.
From July 23, several products with BOPP film from those countries will betaxed from 9.05 percent to 23.71 percent in the local market.
After requests from the domestic industry in April 2019, the MoIT startedinvestigating the products from August last year. The investigation was carriedout in accordance with the provisions of the World Trade Organization, the Lawon Foreign Trade Administration and related regulations.
On March 18 this year the ministry issued a decision to apply provisionalantidumping duties.
According to the MoIT’s surveys and assessments, due to the cheap products fromabroad, the local BOPP film industry has been suffering significant losses inrecent years with severe declines in sales volume, revenues, profits,market share and production capacity. The investigation found the dumpingmargin of imported goods is determined to be from 9.05 percent to 23.71 percent.
As a result, the ministry issued a decision to apply official anti-dumpingduties to minimise the damage to the manufacturing industry.
The MoIT said it set official anti-dumping duty rates basically lower thanthe preliminary tariffs previously applied in March to balance the interests ofthe local manufacturing industry and benefits of consumers and industries usingBOPP film products.
It also excluded some special BOPP film products from the list of anti-dumpingmeasures as local manufacturers do not yet produce them.
The anti-dumping measures will be effective for five years./.
VNA
