Vietnam ups anti-dumping duties on Chinese aluminium
Vietnam ups anti-dumping duties on Chinese aluminium
Vietnam will impose anti-dumping duties of 4.39-35.58 percent on aluminium products imported from China starting Sunday.
A close up shot of extruded aluminium. Photo by Shutterstock/asharkyu.
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The anti-dumping duties will apply to certain extruded aluminium products produced by 18 Chinese companies, with the tax rate depending on the Chinese producer, according to the Ministry of Industry and Trade.
In October 2019, the ministry had imposed anti-dumping duties of 2.49-35.58 percent on aluminium products of 16 Chinese companies.
According to the ministry, the Chinese firms’ dumping activities had seriously hurt domestic aluminium producers, some of whom had to halt production and lay off large numbers of workers.
In some cases, the aluminium, which had already been blocked by other countries with trade barriers or anti-dumping measures, was being sold at prices lower than production costs, the ministry said.
The volume of Chinese extruded aluminium imported into Vietnam, not including volumes brought into economic zones to process for exports, reached 62,000 tons in 2018, double that of 2017.
After one year of imposing anti-dumping tariffs on the aluminium products from China, the ministry began reviewing the measure in November 2020 and decided on the upward revisions this month.
