The US reduces anti-dumping tax by nearly 7 times with Vietnam’s honey

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

Accordingly, the 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 make efforts to continue exporting 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 branches many times to express their views to the US side, requesting the US to make an objective and fair assessment and strictly comply with the provisions of the Group. World Trade Organization.

Along with that, the Ministry of Industry and Trade welcomed the fact that the DOC listened to the opinions of the parties and 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 United States, there are two agencies involved in an anti-dumping investigation, namely the DOC (determination of anti-dumping duties) and the United States International Trade Commission – ITC (determining industry injury). Domestic production).

The anti-dumping measure 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 honey exported from Vietnam to the US in 2021 will reach 56,133 tons with a turnover of about 82.1 million USD.

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