EC limits Vietnamese fuel lighters

Apr 11th at 22:34
11-04-2013 22:34:15+07:00

EC limits Vietnamese fuel lighters

The European Commission (EC) has officially announced anti-dumping duties on disposable gas-fuelled pocket lighters imported from Viet Nam.

Under the EC's latest decision, lighters made in China and then transported to Viet Nam to evade anti-dumping duties will be subject to a tax rate of 0.065 euros (VND1,800) per unit.

Products that were exported to the European market from June 27 to December 13, 2012 are also included in the EC's anti-dumping list.

The EC had launched earlier investigations into Vietnamese and Chinese gas lighter producers and exporters. These investigations, and customs data, revealed a sharp increase in gas lighters imported from Viet Nam into the European market since 1997.

In 2011 they made up 84 per cent of all European lighter imports.

During the reviewed period, Viet Nam also significantly increased its gas lighter imports from China, from 3 per cent in 1999 to 26 per cent in 2010.

On June 26, 2012, the EC initiated a probe on Chinese lighters attempting to evade anti-dumping duties via re-export to Viet Nam. The investigations lasted until April 26 this year.

Of the 15 Vietnamese businesses included in the EC investigation's inquiry list, only seven provided feedback. They were mostly based in HCM City, central Nghe An, southern Binh Duong and Tay Ninh provinces.

vietnamnews



NEWS SAME CATEGORY

Threat of power crisis slowly lifts

A steady flow of electricity from new energy projects should ensure that Vietnam avoids the power shortages that often bedeviled business operations last year.

New regulations manage pharmaceutical industry

On March 29, 2013, the Ministry of Health issued Circular No10/2013/TT-BYT amending and supplementing a number of articles of Circular No02/2007/TT-BYT on...

Highway loan deal signed with S Korea

A US$200 million loan agreement was signed last Friday for the Lo Te-Rach Soi highway construction project.

Rosy outlook for garment trade

The goal of 12-15 per cent export growth rate for the garment and textile industry this year is achievable, fetching between US$18.8-19.3 billion.

VN, Indonesia look at ways to exploit untapped potential

"Indonesia and Viet Nam share several conditions that can help enhance our economic relationship," said Indonesian Ambassador Mayerfas at a business conference...

S Korea to test VN shrimp for preservative

Viet Nam's shrimp exports are to be tested for Ethoxyquin by South Korea, one of the biggest importers of Vietnamese shrimp in Asia.

Seafood exports down 8% in Q1

Seafood export turnover in the first quarter of this year is estimated at US$1.2 billion, a drop of 7.5-8 per cent year-on-year.

IT industry slowed by lack of skills

Despite strong growth in recent times, the information technology industry in HCM City and Viet Nam is still far from meeting Japanese companies' needs in terms of...

Tra fish exports to US see 10 percent price hike

The export price of Vietnamese tra fish bound for the US has risen by US$0.3-0.4 per kilo, 10 percent higher than in mid-March, when the US Department of Commerce...

Vinacas wants to raise cashew nut prices

The Viet Nam Cashew Association proposed raising the price for cashew nuts for export by 15-20 per cent.


MOST READ


Back To Top