Canada puts duties on Vietnam's pipe fittings
The Canada Border Services Agency (CBSA) has conducted preliminary determinations on dumping and subsidising with respect to certain copper pipe fittings, originating in or exported from Vietnam.
Canada imposes dumping and subsidy duties on copper pipe fittings originating in or exported from Vietnam (Source: vietnambiz.vn)Hanoi (VNA) - The Canada Border Services Agency (CBSA) has conducted preliminary determinations on dumping and subsidising with respect to certain copper pipe fittings, originating in or exported from Vietnam.
The dumping and subsidy duties are 159 percent and 4.7 percent, respectively, for Hailiang (Vietnam) Metal Products Co Ltd while for all other exporters in Vietnam the rates are 159 percent and 42.4 percent, the agency announced on its website.
By March 19, 2018, the CBSA will receive case arguments due from all parties.
A copy of the Statement of Reasons, which provides more details about these investigations, will be available on the CBSA’s website, www.cbsa.gc.ca/sima-lmsi, within 15 days.
In October 2017, the CBSA announced that it was launching an investigation into certain copper pipe fittings originating in or exported from Vietnam.
The agency investigated whether these are being sold at unfair prices in Canada and whether subsidies are being applied to certain copper pipe fittings originating in or exported from Vietnam.
The CBSA said that the investigations are the result of a complaint filed by Cello Products Inc (Cello) of Cambridge, Ontario. The complainant alleges that as a result of price undercutting from Vietnam, Cello faced losses in sales and market share, resulting in negative financial results, reduced production and employment.
Vietnam’s copper pipe fittings under investigation were coded 7412.10.00.11, 7412.10.00.19,7412.10.00.90 and 7412.20.00.11, as well as 7412.20.00.12,7412.20.00.19 and 7412.20.00.90. The investigation period was from January 1, 2016, to August 31, 2017.-VNA
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
