VN’s laminated woven sacks might face anti-dumping investigation

Mar 13th at 13:58
13-03-2018 13:58:04+07:00

VN’s laminated woven sacks might face anti-dumping investigation

The Department of Trade Defence under the Ministry of Industry and Trade has received the US Department of Commerce (DOC)’s request for an antidumping (AD) and countervailing duty (CVD) investigation on laminated woven sacks imported from Viet Nam.

 

The products under investigation included bags and packing bags consisting of woven polypropylene strips and/or polyethylene strips, resin or similar materials imported from Viet Nam.

Laminated woven sacks (LWS) subject to the scope are typically used for retail packaging of goods such as pet food and bird seed. Laminated woven sacks produced in Viet Nam are subject to the scope regardless of the country of origin of the fabric used to make the sack.

The petitioners were the Laminated Woven Sacks Fair Trade Coalition and its individual members Polytex Fibers Corporation and ProAmpac LLC.

They have alleged that the LWS products imported from Viet Nam are sold in the US at less than “normal value” due to the Government’s subsidy which has caused/threatened substantial damage to the US industry.

The petitioners allege dumping margins of 109.95 per cent to 294.57 per cent.

Under US law, the DOC will have 20 days to review the complaint and is expected to issue a decision on whether to investigate by March 27.

With the policy ‘America First,’ Donald Trump’s government is reviewing its trade policy. On March 8, President Trump signed a proclamation to impose a 25-per-cent tax on steel and a 10-per-cent duty on aluminium imports. Viet Nam is one of the countries affected by this decision.

bizhub



NEWS SAME CATEGORY

Local cosmetics sector needs preferential policies

Viet Nam needs more preferential policies to attract investors to the local cosmetics sector, economic experts have recommended.

HCM City develops support industry

In March, the Department of Industry and Trade of Ho Chi Minh City will chair a meeting with the Ho Chi Minh City Export Processing and Industrial Zones Authority...

Great expectations for Vietnam’s pharma firms

Recording excellent performances in 2017, Vietnam’s pharmaceutical giants have set high profit expectations for 2018 despite stiffening competition in the market.

Vietnamese billionaires committed to agricultural development, helping farmers

Four Vietnamese tycoons have been named in Forbes Billionaires 2018, and they share a common interest in agricultural investment or businesses dedicated to...

VN wood firms eye int’l market

Viet Nam’s woodworking industry can expand exports but to expand market share and increase value, it needs to keep pace with market trends and capitalise on...

Asian factory expo underway in Ha Noi

The second Factory Network Business Expo (FBC Ha Noi 2018) kicked off at the National Exhibition Construction Centre in the capital on Thursday, bringing together...

Viet Nam sets sights on cold chain technology to cut food losses

A roadmap to reduce food loss and wastage using cold chain technology is important to secure the future of food not only in Viet Nam but also elsewhere, experts...

Gas exploitation to begin at White Lion field

Cuu Long Joint Operating Company (Cuu Long JOC) is developing the second phase of Su Tu Trang (White Lion) oil field for exploitation in the fourth quarter of 2021.

Vietnam revokes $3.2 billion oil refinery project license

Vietnam has revoked the investment license for a foreign-owned $3.2-billion oil refinery project in the country’s central province of Phu Yen, a local government...

Fire at Duyen Hai 3 thermal power extension project

Investigators are searching for the cause of a fire at the construction site of the $1.82-billion Duyen Hai 3 thermal power plant extension project in the southern...


MOST READ


Back To Top