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US extends final conclusion on trade remedy with hardwood plywood

Illustration. (Source: moit.gov.vn)

The Ministry of Industry and Trade said that the US Department of Commerce (DOC) has announced an extension of the time to issue the final conclusion on the anti-dumping and anti-subsidy tax evasion investigation case with hardwood plywood from Vietnam. .

Accordingly, the DOC is expected to issue its final conclusion on October 17, 2022 instead of April 20, 2022 as previously announced. This is the DOC’s third renewal of this content.

The case was initiated by the DOC to investigate on June 17, 2020 at the request of the US Customs Service (CBP) with 2 contents.

To determine whether hardwood plywood imported from Vietnam into the United States is within the scope of products subject to tariffs, the DOC will consider five factors in exporters’ production of hardwood plywood.

Specifically, the investment level of manufacturing and exporting enterprises; level of investment in product research and development; manufacturing process in Vietnam; scale of production facilities in Vietnam; and the value-added portion of the product is made in Vietnam.

Objectives of investigation against circumvention of measures trade defense of the United States is to ensure the enforcement of trade remedy measures applied to Chinese hardwood plywood.

Therefore, in case Vietnam’s plywood manufacturing and exporting enterprises can prove that they are not evading the trade remedy measure that the US is applying to China, they will not be subject to anti-counterfeiting tax. avoid.

Over the past time, the Ministry of Industry and Trade and relevant ministries and branches have coordinated to answer the questionnaires raised by the DOC to verify and clarify the case, and also have forms of exchange and dialogue for the Chinese side. Ky has a good understanding of Vietnam’s wood processing and manufacturing industry.

In addition, Vietnamese export enterprises have also cooperated with the DOC to prove that their production and export activities are not aimed at evading the US trade remedy tax.

In order to ensure the legitimate interests of enterprises producing and exporting hardwood products to the US, the Ministry of Industry and Trade recommends that enterprises continue to closely monitor the developments of the case and regularly update information from the DOC. , Trade Remedies Administration and import partners in the United States.

Along with that, businesses need to fully cooperate with the DOC in the investigation process and contact the Ministry of Industry and Trade to receive timely support.

At the same time, the Ministry of Industry and Trade will also continue to closely monitor the case, coordinate with relevant parties to work with US agencies to ensure the case is investigated objectively and fairly with businesses. industry of Vietnam.

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