The US Department of Commerce reduces anti-dumping duty 7 times on Vietnamese honey

The Ministry of Industry and Trade said that on April 8, the US Department of Commerce (DOC) issued the final conclusion on the tax rate in the case of anti-dumping investigation (CBPG) of honey imported from Argentina, Brazil, and India. India and Vietnam.

Accordingly, anti-dumping tax for Vietnamese enterprises has decreased sharply, from 410.93% – 413.99% in the preliminary conclusion to 58.74% – 61.27%. Thus, compared with the preliminary conclusion, the dumping margin for Vietnamese enterprises at the final conclusion decreased by nearly 7 times, helping the honey industry to continue to export to the US. The results of the case showed the important role of the honey production and export industry in cooperating with the investigating agency.

During the investigation of the case, the Ministry of Industry and Trade coordinated with other ministries and sectors to express their views on the US side many times, requesting the US to make an objective and fair assessment and strictly comply with the provisions of the Organization for Trade and Investment. World Trade Organization (WTO). The Ministry of Industry and Trade welcomes that the DOC has listened to the opinions of the parties and has partially adjusted the calculation method. However, the Ministry of Industry and Trade said that this result still does not reflect the actual situation of honey production and export of Vietnam.

In the US, there are two agencies involved in an anti-dumping investigation, namely the DOC (determining anti-dumping tax rates) and the US International Trade Commission – ITC (determining damage to the domestic industry). Anti-dumping measures will officially take effect on the basis of the final conclusion on dumping and injury of the domestic industry.

Currently, the ITC is investigating the damage and is expected to issue a final conclusion on May 23, 2022. According to ITC statistics, the output of Vietnamese honey exported to the US in 2021 will reach 56,133 tons with a turnover of about 82.1 million USD.

In the coming time, the Ministry of Industry and Trade will continue to coordinate with relevant ministries and branches, the Vietnam Beekeeping Association and Vietnamese honey exporters to discuss with US agencies in the next stages. (damage assessment, anti-dumping tax review, etc.), in order to support the Vietnamese honey industry to be treated fairly in this case in accordance with WTO regulations, and to ensure the legitimate interests of exporters. Vietnamese honey.

At the same time, the Ministry of Industry and Trade is also implementing trade promotion activities to support honey processing enterprises to promote consumption in the domestic market as well as access other markets, effectively exploiting the benefits of honey. of the Free Trade Agreements to which we have joined.