The Ministry of Industry and Trade (MoIT) on Wednesday issued Decision No 1931/QD-BCT on the application of official safeguards on colour-coated iron sheets.

Products subject to these safeguard measures are imported from various countries and territories and have trade codes: 210.7010. 7210.7090. 7212 4010. 7212.4020. 7212 4090. 7225 9990. 7226.9919. 7226.9999.

This decision will be effective within 15 days from the date of signing. The order of procedures for application of safeguard measures should comply with the law on safeguards in the import of foreign goods in Viet Nam.

The MoIT applies official safeguards through tariff quotas on imported colour-coated iron in Viet Nam within three years from the effective date of the decision.

In the first year (from June 15, 2017 to June 14, 2018), the total import quota of iron products with non-taxable codes was 380.68 thousand tonnes. In the second year, the import volume of products with non-taxable codes will amount to 418.75 thousand tonnes and will increase to 460.62 tonnes in the third year. The tariff for products out of quota is 19 per cent.

On March 30, 2017, MoIT issued the Decision No 1105/QD-BCT on the application of official anti-dumping measures for imported galvanised steel products (also known as galvanised iron). Up to 26 HS codes originating from China (including Hong Kong) and Republic of Korea (case number AD02) were brought under these measures.

Official anti-dumping measures are applied in the form of additional import duties. — VNS