US reduces anti-dumping tax on Vietnamese honey
The official anti-dumping tax rate that the US Department of Commerce (DOC) imposed on Vietnamese honey is 7 times lower than the preliminary tax rate set out earlier.
In the final conclusion on the anti-dumping tax rate on honey imported from Vietnam, India, Argentina and Brazil, the tax rate applied to Vietnamese enterprises is reduced to 58.74-61.27%, ie. decreased 7 times compared to the level of 410.93-413.99% in the preliminary conclusion. This helps the Vietnamese honey industry to continue exporting to the US.
According to the Trade Remedies Department (Ministry of Industry and Trade), the official tax rate of the DOC shows the important role of the honey production and export industry in cooperating with the investigation agency. Welcoming the DOC to listen to the opinions of the parties and partially adjust the calculation method and reduce the tax rate, the Ministry of Industry and Trade said that this result still does not reflect the actual situation of production and export. Vietnamese honey.
Harvesting longan honey in Hung Yen, March 2022. Photo: Ngoc Thanh
In the US, an anti-dumping investigation will be conducted by two agencies, the DOC – which determines the anti-dumping duty rate and the US International Trade Commission (ITC) – the agency that determines the injury of the industry. Domestic production. Anti-dumping measures take effect officially 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.
The Ministry of Industry and Trade said that it will continue to work with other ministries, sectors and export businesses to discuss with US agencies in the next stages (damage assessment, anti-dumping tax review…) to support Vietnam’s honey industry to be treated fairly in accordance with the provisions of the World Trade Organization (WTO). This is to ensure the legitimate interests of Vietnamese honey exporters.
This agency is also promoting trade activities to support honey processing enterprises to promote consumption in the domestic market, expand export markets, and exploit the benefits of Free Trade Agreements (FTAs). ) joined.
Vietnam currently has nearly 40,000 households living on beekeeping, along with hundreds of processing, trading and exporting companies. Every year, honey exported to the US accounts for 90% of Vietnam’s honey export turnover.
According to ITC statistics, last year Vietnam exported 56,133 tons of honey to the US, with a turnover of 82.1 million USD.
at Blogtuan.info – Source: vnexpress.net – Read the original article here
