Turkey slaps tax on VN plywood

Thursday, Sep 01, 2016 09:40

Workers process wood at Sahabak Joint Stock Company in northern Bac Kan Province. — VNA/VNS Photo Danh Lam
HA NOI (Biz Hub) — Turkey has decided to levy an anti-dumping tax of US$240 per cubic metre on Vietnamese plywood products.

The Viet Nam Competition Authority under the Ministry of Industry and Trade on Tuesday said that the Turkish Ministry of Economy (TMoE) has issued its final decision on the anti-dumping investigation into plywood imported from some countries including Viet Nam.

The TMoE reported that only two Vietnamese businesses won't have the anti-dumping tax imposed upon them, as they had provided full information to investigative agencies on schedule and proved that the exported products were made by themselves.

The decision will come into effect soon now the TMoE has officially announced it. However, Vietnamese plywood producers could send feedback on the investigation before tomorrow.

Turkey initiated an investigation on May 27, 2015 into a possible avoidance of anti-dumping tax on plywood with HS codes 4412.10; 4412.31; 4412.32 and 4412.39 imported from some countries including Viet Nam since 2010.

Earlier in 2006, Turkey imposed anti-dumping duties of $240 per cubic metre on similar products from China.

The Viet Nam Embassy's trade office in Turkey said on Monday that the TMoE's General Directorate of Imports (GDI) also issued its decision on the anti-dumping investigation into polyester textured yarn imported from some countries including Viet Nam.

Accordingly, it will impose anti-dumping margins of 34.81 per cent to 72.56 per cent on products from Viet Nam and 8.48 per cent to 37.69 per cent on Thai products. It said relevant businesses could send petitions and feedback before September 5.

It will hold hearings for each business on September 7 and open hearings on September 8.

The decision will be submitted to the Minister of Economy in late September to issue a final decision in the first week of October.

The GDI began investigations on May 15, 2015, after Korteks Mensucat Sanayive Tic. A.S. lodged its anti-dumping lawsuit on imported polyester textured yarns with HS codes of 5402.33. — VNS

Comments (0)