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On August 23, 2024, the Turkish Ministry of Commerce issued a notice extending the application of anti-dumping duties on conveyor belts originating from or imported from China, India, and Vietnam.
The investigated product, subject to the extended anti-dumping duty, is conveyor belts (transmission belts) with trapezoidal cross-sections, classified under HS codes 4010.32, 4010.34, and 4010.39.
The decision on unfair competition prevention in imports is effective under the Decision of the Council of Ministers No. 99/13482 and Law No. 30, which was drafted based on the Regulation on Unfair Competition Prevention in Imports of Turkey.
The anti-dumping duty is set at USD 3.15/kg and will be applied for a period of five years starting from August 23, 2024.
It should be noted that:
- Changes made regarding tariffs and/or the definition of the product being restricted in the Trade General Terms and Conditions (TGTC) do not pose an obstacle to the enforcement of the provisions of this notice.
- The trade remedy measures within the scope of this notice will expire after 5 years from the effective date. Moreover, if a end-of-term review investigation is initiated before the expiration of the measure within the scope of this notice, the measure will remain in effect until the investigation is concluded.
To ensure their interests are protected, stakeholders should contact experienced Vietnamese law firms specializing in anti-dumping and trade remedy measures for timely assistance.
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