US extends deadline for issuing conclusion on anti-dumping probe into plywood imported from Viet Nam

Apr 28th at 08:49
28-04-2022 08:49:23+07:00

US extends deadline for issuing conclusion on anti-dumping probe into plywood imported from Viet Nam

The US Department of Commerce (DOC) has announced the extension of the deadline for issuing a final conclusion on the anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Viet Nam, according to the Ministry of Industry and Trade (MoIT).

 

Accordingly, the DOC plans to issue the conclusion on October 17 instead of April 20. This is the third extension that the DOC has made on the case, which was launched on June 17, 2020 following a request by the US Customs and Border Protection (CBP).

The MoIT said that the purpose of the investigation is to ensure the efficiency of trade remedies imposed on hardwood plywood of China.

Therefore, in case Viet Nam's plywood manufacturers and exporters can prove that they are not evading the trade remedy measures the US is applying to China, they will not be subject to the anti-subsidy tax rates.

The MoIT and relevant ministries and agencies have shown close coordination with the DOC in the case, while Vietnamese plywood exporters have worked with the DOC to clarify that they do not aim to evade US’ trade remedy measures.

The ministry advised Vietnamese plywood producers and exporters to continue to keep a close watch on the case and show full cooperation with the US side.

The ministry will also work with US agencies to ensure the case is investigated in an objective and fair manner. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Vietnam seeks immediate coal from Australia to mitigate supply shortage

The Ministry of Industry and Trade (MoIT) has increased coal imports from Australia to ease recent shortages that resulted in power loss at manufacturing facilities...

MoF proposes reduced tax for import petrol

The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 per cent to 12...

Bia Saigon Special: retaining unparalleled quality

With the beverage giant’s never-ending attempts to gratify customers in an ever-changing economic and cultural environment for drinkers, SABECO is on pace to make...

Mazda offers 50 per cent discount for registration on two models

The CX-3 and CX-30 duo are catching customers’ eyes in the SUV B-segment thanks to their design, technology and price.

Viet Nam’s pangasius exports surge in Q1

Viet Nam’s tra fish (pangasius) industry is seeing a strong recovery after three years of gloom.

Cement, clinker exports experience unsustainable growth

Despite strong export growth, the cement sector still exports clinker more than cement, leading to unsustainable growth, experts say.

Vietnam’s corrosion-resistant steel exports to US rise sharply

Vietnam shipped some 335,000 tonnes of corrosion-resistant steel products (CORE) to the US last year, a three-fold rise from the previous year, according to the...

Asia Coffee-Vietnam trade muted on tight supply; prices fall in Indonesia

Trade in Vietnam's coffee market was hit by a lack of beans at the end of the crop season, while prices dipped in Indonesia on rising supplies and low demand...

India, Vietnam export rates fall on rising supplies

Prices of rice exported from India and Vietnam dipped this week as supplies increased, although the Vietnamese market was expected to see fresh orders from China...

Domestic car market sees consumption growth in March

Members of the Viet Nam Automobile Manufacturers Association (VAMA) sold over 36,962 autos in March, up 60 per cent on the month, according to a recent VAMA report.

Commodity prices


MOST READ


Back To Top