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Mexico reduces anti-dumping tax on galvanised steel imports from Vietnam

The International Trade Practices Unit (UPCI) of Mexico’s Ministry of Economy has decided to adjust the tax rate imposed on galvanised steel imports from Vietnam, according to the Ministry of Industry and Trade (MoIT).
Mexico reduces anti-dumping tax on galvanised steel imports from Vietnam ảnh 1Illustrative image. (Photo:baodautu.vn)

Hanoi (VNA) – The International Trade PracticesUnit (UPCI) of Mexico’s Ministry of Economyhas decided to adjust the tax rate imposed on galvanised steel imports fromVietnam, according to the Ministry of Industry and Trade (MoIT).

On August 30, 2021, Mexico commenced an anti-dumpinginvestigation into the imports from Vietnam following a requestfrom domestic producers. Then, on September 14, 2022, the UPCI issued an anti-dumping tax rate of 0%-12.34%.

In its final conclusion, it determined that Vietnam's steel industryoperated under the market mechanism, and imposed an anti-dumping rate forVietnamese enterprises ranging from 0% to 10.84%.

According to the MoIT, during the investigation, theministry closely coordinated with the Vietnamese Embassy in Mexico throughdifferent channels to express their views and propose not to use thecalculation method that is unfavourable for Vietnamese exporters.

The tax reduction by the UPCI in the final determination helpsVietnamese steel enterprises to continue to export to Mexico. This tax rate isalso considered relatively low compared to those that Mexico applies tosteel products in particular and other products in general in anti-dumpinginvestigations it initiates.

Data from the International Trade Centre ( ITC) showed that Vietnam earned 170 million USD from exporting galvanisedsteel to Mexico in 2020, and 370million USD in 2021./.

VNA
#anti-dumping investigation #Vietnamese enterprises #tax rate #Mexico #galvanised steel #Vietnam Plus #Vietnam News Agency Mexico
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