Maintain anti-dumping measures on H-shaped steel from Malaysia, anti-dumping measures on H-shaped steel from Malaysia, H-shaped steel from Malaysia, H-shaped steel products, Decision No. 1975/QD-BCT

Maintain anti-dumping measures on H-shaped steel from Malaysia

The Ministry of Industry and Trade continues to maintain anti-dumping measures for a number of H-shaped steel products originating from Malaysia under Decision No. 1975/QD-BCT issued on August 18, 2021.

Regarding this issue, the Trade Remedies Authority of Vietnam, Ministry of Industry and Trade said that the Ministry of Industry and Trade started investigating the case on August 24, 2020. The investigation process is carried out in accordance with the provisions of the World Trade Organization, the Law on Foreign Trade Management and related legal documents.

On the basis of information collected from related parties, the Ministry of Industry and Trade has carefully considered and assessed the level of dumping of H-shaped steel products imported from Malaysia, the damage to the manufacturing industry in the region as well as an assessment of socio-economic impacts, including impacts on downstream industries and consumers.

Maintain anti-dumping measures on H-shaped steel from Malaysia. Source: Hyundai Steel Co.

Previously, H-shaped steel products originating from China were subject to anti-dumping duties since 2017. Before 2017, Malaysia did not produce and export H-shaped steel products to Vietnam. However, after Vietnam applied anti-dumping duty on H-shaped steel to China, Malaysia’s export turnover of this product to Vietnam increased dramatically, to more than 213 billion VND in 2019 and 848 billion VND in 2020. Accordingly, there are indications of H-shaped steel being manufactured in Malaysia and then exported to Vietnam in order to evade anti-dumping duties imposed on China’s H-shaped steel.

According to the Trade Remedies Authority of Vietnam, after considering socio-economic impacts and the current supply-demand situation, the Ministry of Industry and Trade decided to impose official anti-dumping duties on some H-shaped steel products of Malaysian origin at 10.64%. This duty rate is lower than the duty rate applied to H-shaped steel imported from China (about 22% on average) and also much lower than the proposed duty rate of the domestic manufacturing industry (16.30%). This decision to impose anti-dumping duty may be periodically reviewed and adjusted in accordance with the law.

In the coming time, the Ministry of Industry and Trade will continue to coordinate with relevant ministries and branches to monitor the impact of trade remedies, production circumstances, supply-demand, and prices to implement measures to stabilize the steel market in accordance with regulations, protect the legitimate interests of manufacturing industries and consumers.

(Source: Industry and trade newspaper)

ASL LAW is the top-tier Vietnam law firm for Anti-dumping & countervailing. If you need any advice, please contact us for further information or collaboration.

    CONTACT

    Your infomation


    ***Other service of ASL LAW – full service Vietnam law firm ***
    Retainer service to enterprises International trademark registration
    Oversea investment consultancy for Vietnamese enterprisesPatent in Vietnam
    PCT Patent in Vietnam PCT Patent Vietnam Entry
    Intellectual property services (Vietnam IP Firm) Vietnam Patent Agent
    Trademark in Vietnam Vietnam Patent Firm
    Vietnam Trademark Agent Patent translation in Vietnam
    How to register trademark in Vietnam Vietnam Patent Translation Agent
    Copyright in Vietnam Vietnam IP Firm
    Vietnam Trademark Vietnam IP Agent
    Notes to company formation in VietnamM&A
    How to open company in VietnamBanking & financial services
    Open representative office in VietnamContract consultancy
    Establish company in VietnamEmployment and labor
    Corporate services in VietnamLitigation and dispute resolution
    Vietnam Law FirmFranchise in Vietnam
    Vietnam Antidumping Law Firm Vietnam Franchise registration
    Vietnam countervailing law firm Vietnam Business Law Firm
    Vietnam Real estate law firm Vietnam construction law firm
    Law firm in Hanoi Law Firm in Ho Chi Minh
    Contact Me on Zalo
    +84982682122
    WhatsApp chat