On June 18, 2019, the Ministry of Industry and Trade issued Decision No. 1711 / QD-BCT to apply temporary anti-dumping (CBPG) measures to some color coated steel products originated from China and Korea. Accordingly, the temporary anti-dumping tax rate applied to China's color coated steel exporters is from 3.45% to 34.27% and that of South Korea is from 4.48% to 19.25%. Details are as following.

Table: The List of Exporters in China and South Korea

The Ministry of Industry and Trade began the investigation in October 2018 on the basis of the evaluation results of the dossier requesting the application of CBPG measures of representatives of the domestic manufacturing industry filed in August 2018.

Through nearly 8 months of preliminary investigation in accordance with the provisions of the World Trade Organization, the Law on Foreign Trade Management and related regulations, the Ministry of Industry and Trade has cooperated with relevant units to review and evaluate carefully the impact of the dumping behavior of imported goods on the performance of the domestic manufacturing industry, the level of dumping of Chinese and South Korean manufacturing and exporting enterprises as well as consideration. , calculate the impact on downstream manufacturing industries and consumers of color coated steel products.

The survey results show that, although safeguard measures in the form of tariff quotas are being applied, the volume of imported goods in quotas shows signs of dumping with a rather high margin, from 3.45% to 34.27%, continues to cause significant damage to the domestic coated steel industry.

The above dumping behavior continues to exert considerable pressure on the performance indicators of the domestic manufacturing industry, reflected in the criteria such as production output, sales volume, revenue and profit, market share and inventories were volatile during the survey period, especially in the period of the last 7 months of 2018 until now. All of these indicators showed a clear declining trend, many of the enterprises in the country suffered losses and many production lines had to stop working and a large number of workers had to quit their jobs.

When deciding to apply temporary anti-dumping measures, the Ministry of Industry and Trade referred the opinions of the parties involved in the case and other relevant state agencies as well as based on the common practices of other member countries of the WTO. Accordingly, for imported goods in the quota of safeguard measures, only the temporary anti-dumping duty will apply. For non-quota import goods, a comparison between the temporary anti-dumping duty and the non-quota tariff and the use of higher tariffs are compared. This application aims to eliminate tax duplication of import businesses.

In addition, for special color coated steel products that are currently not produced in the domestic industry such as PCM products, VCM used to produce refrigeration and consumer electronics products and products. PVDF products used for thermal power plants and some other special products etc. are excluded from the scope of application of temporary CBPG measures. As a rule, raw materials imported for export production are not subject to anti-dumping measures.

It can be seen that the temporary anti-dumping tax ranges from 3.45% to 34.27% applied to imported goods from China and South Korea that have been issued in accordance with the provisions of the World Trade Organization

In the coming time, in order to make a final conclusion on the case, the Ministry of Industry and Trade will continue to work with related parties, verify data verification and organize a public consultation session for all parties to opportunity to express their opinions, and evaluate the overall impact of the case on stakeholders, including end consumers. The case is expected to end the investigation in the fourth quarter of 2019.

Source from Vietnam Ministry of Industry and Trade