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Anti-dumping, countervailing duty imposed on cane sugar from Thailand

The Ministry of Industry and Trade (MoIT) has decided to impose official anti-dumping and anti-subsidy duty of 47.64 percent on a number of cane sugar products originated from Thailand for five years from June 15, according to the Trade Remedies Authority.
Anti-dumping, countervailing duty imposed on cane sugar from Thailand ảnh 1Sugar cane harvesting (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT)has decided to impose official anti-dumping and anti-subsidy duty of 47.64percent on a number of cane sugar products originated from Thailand for five yearsfrom June 15, according to the Trade Remedies Authority.

The authority said that the MoIT started investigation into the case against Thailand's cane sugar on September 21, 2020 after considering requests from domestic sugarproducers.

The investigation results confirmed that cane sugar imported fromThailand, including refined and raw sugar, was subsidised and dumped at 47.65percent, causing heavy losses for the domestic sugar industry.

The probe showed that subsidised sugar shipments from Thailand surged 330.4 percent yearon year to 1.3 million tonnes in 2020.

Previously the industry ministry imposed a temporary 33.88percent levy on Thai sugar in February./.

VNA
#Ministry of Industry and Trade (MoIT) #Trade Remedies Authority #anti-subsidy duty #Thailand's cane sugar #Vietnam #Vietnam news #Vietnam News Agency Thailand
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