The commerce department said PET resin products imported from South Korea, Brazil, Indonesia, Pakistan and Taiwan were sold at "less than fair value rates" in the U.S. market, finalizing anti-dumping tariffs ranging from 5.16 percent to 275.89 percent. Under the decision, South Korean exporters will be assessed duties of 8.23-101.41 percent on PET resin sold in the U.S. market. The U.S. imported $24 million worth of PET resin from South Korea in 2016 and the amount jumped to $127.3 million in 2017, according to the commerce department. PET resin is mainly used to make bottles, jars, containers and various other packaging applications. Source from the Yonhap. … [Read more...] about U.S. finalizes anti-dumping duties on S. Korean PET resin
Anti dumping
U.S. reduces anti-dumping duties on Vietnam tra fish
U.S. reduces anti-dumping duties on Vietnam tra fishBy Trung Chanh Tra fish are processed at Southern Fishery Industries Co Ltd. The U.S. has lowered antidumping tariffs on Vietnamese tra fish - PHOTO: VNA CAN THO - The U.S. Department of Commerce (DOC) has announced the preliminary results of the 14th period of review (POR 14), lowering anti-dumping tariffs on pangasius (tra fish) imports from Vietnam by US$3.78-5.35 per kilogram, compared with the levels in POR 13. According to the Department of Trade Defense under the Ministry of Industry and Trade, tra fish exported by NTSF Seafoods JSC, a mandatory respondent of POR 14, between August 1, 2016 and July 31, 2017, is imposed an antidumping tax of US$1.37 per kilogram. Meanwhile, Hung Vuong Group, another mandatory respondent of the review, has been exempted from the tax. The antidumping duty is US$0.41 per kilogram for voluntary respondents and US$2.39 for the remaining Vietnamese tra fish exporters. Meanwhile, the average … [Read more...] about U.S. reduces anti-dumping duties on Vietnam tra fish
US cuts anti-dumping taxes on Vietnamese catfish
Tra fish farming in Hau Giang province (Photo: VNA) HCM City (VNA) – The US Department of Commerce (DOC) reduced anti-dumping duties on Vietnamese tra and basa (pangasius) fish under its preliminary conclusion of the 14th period of review (POR14) for the period from August 1, 2016 to July 31, 2017. Accordingly, the preliminary anti-dumping taxes on products of two mandatory respondents are 0 USD per kilogramme, and 1.37 USD per kilogramme. The tariff for voluntary respondents is 0.41 USD per kilogramme, while the tax imposed on other Vietnamese exporters not examined as mandatory or voluntary respondents will be 2.39 USD per kilogramme, lower than the final results of POR13. Although the DOC is scheduled to announce the final results of POR14 in January 2019, its move to lower the anti-dumping tariffs is seen as a positive signal for Vietnamese catfish exporters. Earlier, in its final results of the 13th period of review (POR13), Go Dang Seafood Joint Stock Company … [Read more...] about US cuts anti-dumping taxes on Vietnamese catfish
US lowers anti-dumping tariff on Vietnam’s shrimp exports
Processing shrimp for export (Source: VNA) HCM City (VNA) – The US Department of Commerce (DoC) has announced the final results of the 12th Period of Review (POR 12), lowering the anti-dumping tariff on shrimp imports from Vietnam. The POR 12 took place from February 1, 2016 to January 31, 2017. Specifically, shrimp exported by Sao Ta Foods JSC (FIMEX VN), the only mandatory respondent in the review, and over 30 other local shrimp exporters are subject to an antidumping duty of 4.58 percent. This final rate is far lower than the preliminary rate of 25.39 percent, first announced by the DoC on March 8. It is also slightly lower than the duty was in the prior period. Ho Quoc Luc, Chairman of the Directorate Board of Fimex, said Fimex cooperated fully with the DoC during its inspection and delegation period. In 2017, the export value of Vietnamese shrimp to the US fell 7 percent from the previous year because of the hefty anti-dumping duty. Meanwhile, the export value to other … [Read more...] about US lowers anti-dumping tariff on Vietnam’s shrimp exports
Vietnam’s core welding wires subject to Turkey’s anti-dumping duty
Vietnam’s core welding wires (Photo: thoibaotaichinhvietnam) Hanoi (VNA) – The Turkish Ministry of Economy has issued the final report concluding that Vietnam’s core welding wires have been sold under fair value at a margin of 27.9 – 29.65 percent, reported the Vietnamese Trade Office in Turkey. Turkey began anti-dumping investigation into core welding wires imported from Vietnam under the code 8311.20.00.00 on March 6 based on petitions filed by Gedik Kaynak Industry and Trade Ltd and Oerlikon Welding Electrodes and Industry Ltd. Based on the report, the investigative agency will submit a proposal to the Turkish Competition Authority to issue the final conclusion on the case in the near future. The Ministry of Economy planned to hold a hearing on the case on September 12.-VNA … [Read more...] about Vietnam’s core welding wires subject to Turkey’s anti-dumping duty