A car tyre factory in Binh Duong province (Photo: VNA) On May 24, the DOC issued its final conclusion about theanti-dumping and countervailing duty investigations into automobile tyresimported from the Republic of Korea, Taiwan (China), Thailand, and Vietnam.
For the anti-dumping duty content, the DOC maintained itsdecisions made in the preliminary conclusion. Accordingly, most of thebusinesses that account for 95.5 percent of Vietnam’s total car tyre exports tothe US are considered free of dumping their products and thus, not subject toanti-dumping duties, while a tax rate of 22.3 percent is imposed on the remainders.
For the countervailing duty content, the tax rates on the Vietnameseenterprises are set at between 6.23 percent and 7.89 percent, down from the6.23 percent – 10.08 percent determined in the preliminary conclusion.
Given this, the anti-dumping and countervailing duties thatthe companies making up 95.5 percent of the tyre exports to US are between 6.23percent and 7.89 percent, lowest among the countries and territory subject tothe investigations.
This is a positive result for Vietnam’s tyre producers andexporters to the US – the largest market of Vietnamese tyres. It also benefitsthe rubber industry since about 80 percent of natural rubber harvested inVietnam is used for tyre manufacturing.
The Ministry of Industry and Trade (MoIT) said it has been workingclosely with relevant parties to secure objective and positive results forVietnamese producers and exporters.
The ministry noted it has continually discussed with relatedagencies of the US via different dialogue channels to prove that Vietnam didnot dump or subsidise automobile tyres or devalue its currency to create anexport advantage.
It will continue coordinating with the State Bank of Vietnamand relevant ministries and sectors to continue talking with the US about thiscountry’s conclusion regarding currency devaluation, the ministry added./.
VNA
