HANOI (Reuters): Vietnam has imposed an anti-dumping levy between 25.73% and 32.75% on sugar products imported from some of Thailand's biggest sugar producers for a period of nearly three years, the country's trade ministry said on Tuesday (Aug 8).
The decision was made after a "careful and fair investigation" and will be in place from Aug 18, 2023 until June 15, 2026, the ministry said in a statement.
An anti-dumping tax of 32.75% will be applied to Thailand's and Asia's biggest sugar and bioenergy producer Mitr Phol Sugar and four associated companies, the ministry said.
Whereas, Thai Roong Ruang Industry, one of Asia's leading sugar producers and its five affiliates will be imposed with an anti-dumping tax of 25.73% and an anti-subsidy tax of 4.65%, the statement added.
Last year, Vietnam imposed an anti-dumping levy of 47.64% on some sugar products imported from five South-East Asian countries but originating from Thailand for a period of four years
Vietnam removed duties on sugar imported from South-East Asian countries in 2020, in accordance with the commitments of the Asean Trade in Goods Agreement.
However, provisions allow Association of Southeast Asian Nations to impose import duties to protect the rights and interests of domestic industries against anti-competitive behaviour.
