[ad_1]
The US’ anti-dumping duties on Việt Nam’s honey exporters have been lower by virtually sevenfold. — VNA/VNS Picture
HÀ NỘI — The US Division of Commerce (DOC) has determined to lower the anti-dumping tax for Vietnamese honey from greater than 400 per cent to lower than 60 per cent.
On April 8, the DOC issued the ultimate conclusion on the tax price within the anti-dumping case investigation of honey imported from Argentina, Brazil, India and Việt Nam. Accordingly, the anti-dumping tax for Vietnamese enterprises has been decreased sharply, from 410.9 – 413.99 per cent within the preliminary conclusion to 58.74 – 61.27 per cent.
In line with a consultant of the Ministry of Trade and Commerce (MoIT), the outcomes confirmed the essential position of the honey manufacturing and export business in cooperating with the investigating company.
On November 17, 2021, the DOC introduced a preliminary conclusion that Vietnamese honey was being dumped into the US with a margin of between 410.93 and 413.99 per cent (Buôn Mê Thuột Honey JSC – 413.99 per cent, Đắk Lắk Honey JSC – 410.93 per cent) and imposed a respective non permanent tax whereas the dumping margin of the remaining 4 nations, Argentina, Brazil, India, and Ukraine, was from 6.24 to 49.44 per cent.
The preliminary conclusion negatively impacted exporters and the lives of 35,000 Vietnamese beekeepers, primarily in poor financial areas going through difficulties throughout the pandemic, affecting the ecological steadiness and crop productiveness within the locality.
In line with the Ministry of Agriculture and Rural Improvement (MARD), US honey producers solely meet 25 per cent of home demand and can’t provide the US market with the quantity of uncooked honey required for meals processing.
With provide chains affected by the pandemic and elevated gasoline costs, steady honey provide from Việt Nam will contribute to stabilising meals costs utilizing uncooked honey and make sure the employment of labourers within the meals processing business in some US states, comparable to Indiana, benefiting bilateral commerce between the 2 nations, stated MARD.
In the course of the investigation, the MoIT coordinated with the ministries and branches to precise their views to the US aspect, requesting the US to make an goal and truthful evaluation and strictly adjust to the provisions of the World Commerce Organisation (WTO).
MoIT stated: “The DOC has listened to the events’ opinions and has partially adjusted the calculation methodology.” Nonetheless, it stated that: “The end result nonetheless doesn’t mirror the precise state of affairs of honey manufacturing and exports of Việt Nam.”
In the USA, two companies are concerned in an anti-dumping investigation, the DOC, which determines the anti-dumping tax charges and the US Worldwide Commerce Fee (ITC) which determines the injury price to the home business.
Anti-dumping measures will formally take impact based mostly on the ultimate conclusion on dumping and damage to the home business. Presently, the ITC is investigating the injury and is predicted to concern a closing conclusion on Could 23, 2022.
In line with ITC statistics, Việt Nam’s honey export quantity to the US in 2021 reached 56,133 tonnes with a turnover of about US$82.1 million.
The MoIT will proceed to coordinate with related ministries and branches, the Việt Nam Beekeeping Affiliation and Vietnamese honey exporters to debate the next levels (injury evaluation and anti-dumping tax evaluate) with US companies.
On the identical time, the MoIT stated it might additionally implement commerce promotion actions to assist honey processing enterprises to advertise consumption within the home market and entry different markets, successfully exploiting the advantages of honey from different markets which have FTAs with Việt Nam. — VNS
[ad_2]
Source link