Bicycle tyres from Kenda Rubber (Vietnam) Company Ltd and other exporters will be imposed an anti-dumping duty in Brazil. — Photo tuoitre.vn

HA NOI (Biz Hub) — Brazil's Ministry of Development, Industry and Foreign Trade has announced that an anti-dumping duty would be imposed on bicycle tyres imported from Viet Nam.

The information was provided by the Vietnam Competition Authority under the Ministry of Industry and Trade on March 25.

An anti-dumping duty of US$0.59 per kilogram has been imposed on Kenda Rubber (Vietnam) Company Ltd, while a duty of $2.8 per kilogram has been imposed on Link Fortune Tyre Tube Company Ltd, Vietnam, and other exporters.

The duty will be effective from the date of the Brazilian Ministry's decision and will be applicable for five years.

Bicycle tyres imported from China and India are also facing an anti-dumping duty in Brazil.

After an investigation which lasted from April 2011 to March 2012, an anti-dumping case against bike tyres exported to Brazil was filed in September 2012. — VNS