The Australian Anti-Dumping Commission (ADC) has issued an official notice on the termination of anti-dumping and anti-subsidy investigations on precision steel pipes from Vietnam (Case 550).
According to the Trade Remedies Administration, Ministry of Industry and Trade, based on the announcement of the Australian Anti-Dumping Commission, this agency has determined that Vietnamese enterprises do not have dumping acts, the Government of Vietnam does not subsidize and interfere in the precision steel pipe manufacturing industry.
Meanwhile, the Australian Anti-Dumping Commission continues to investigate Chinese and Korean enterprises and is expected to report the results of the investigation to the Australian Minister of Industry and Science, Technology for further investigation to make a final decision in August 2021.
Previously, on March 31, 2020, the Australian Anti-Dumping Commission announced the initiation of anti-dumping and anti-subsidy investigations into precision steel pipes and tubes originating from Vietnam, China, Korea, and Taiwan (case 550).
Australia withdraws their conclusion on anti-dumping of steel from Vietnam
According to the Trade Protection Department, right from the time that Australia announced they had received the plaintiff’s investigation request in January 2020, the Ministry of Industry and Trade studied the investigation request dossier and sent a letter to ADC rebutting the plaintiff’s allegation, and at the same time post and notify the relevant Vietnam Exporters Association to prepare a handling plan. The Ministry of Industry and Trade has also coordinated with the relevant ministries and branches to provide sufficient information at the request of ADC so that this agency can make the most objective and accurate conclusions on the case.
On June 1, 2021, ADC announced the conclusion of a preliminary investigation and material report (SEF) in the case of an anti-dumping and anti-subsidy investigation on precision steel pipe products originating from Taiwan. Korea, China, Vietnam. Accordingly, ADC determines the subsidy margin of Vietnamese enterprises from -12.2 to -6.5% and the subsidy margin from 0% to 0.01%. Therefore, ADC proposes to terminate the investigation for goods originating from Vietnam due to neither dumping nor the existence of subsidies or the insignificant level of subsidies.
According to the Trade Protection Department, the above results reflect the efforts of Vietnamese exporters in providing complete and timely information at the request of the Australian investigation agency, as well as the coordination and support of the authorities in the process of handling the case to protect the legitimate rights and interests of Vietnamese enterprises.
According to the Trade Protection Department, up to now, Australia has investigated 17 cases of trade remedies against Vietnamese exports. The investigated goods are mainly steel products, in addition, there are other products such as wind towers, aluminum profiles, quicklime, and transformers. In 2020, Australia is one of the two countries investigating trade remedies the second most, after the United States with Vietnamese exports with 7 cases of trade remedies.
In 2020, Vietnam’s export turnover to the Australian market will reach more than 3.6 billion USD, accounting for 1.28% of Vietnam’s total export turnover, of which the turnover is affected by trade remedies investigation cases newly initiated or reviewed in 2020 about 21.3 million USD.
In the past time, in order to prevent and respond to trade remedies lawsuits from abroad, including the Australian market for Vietnamese exports, the Ministry of Industry and Trade and related ministries have developed action programs to Specific actions to implement the Project “Effective construction and operation of a trade remedy early warning system”. Currently, more than 30 groups of items have been put under regular monitoring and 14 groups of items are classified as requiring a warning. The warning information has been shared with state management agencies, associations, and the business community.