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Ministry imposes anti-dumping tax on sugar from Thailand

The Ministry of Trade and Industry (MoIT) has decided to levy a temporary anti-dumping tax of 33.88 percent on sugar imported from Thailand.
Ministry imposes anti-dumping tax on sugar from Thailand ảnh 1The Ministry of Trade and Industry (MoIT) has decided to levy a temporary anti-dumping tax of 33.88 percent on sugar imported from Thailand. (Photo: VNA)

Hanoi (VNA) - The Ministry of Trade and Industry(MoIT) has decided to levy a temporary anti-dumping tax of 33.88 percent onsugar imported from Thailand.

This tax rate will be regularly reviewed to ensure a faircompetition environment if there is a strong shift from importing refined andwhite sugar to importing raw sugar in order to avoid anti-dumping tax at ahigher rate.

The decision comes after the MoIT launched an investigation inSeptember 2020 to see if sugar imported from Thailand had received subsidiesfrom the government.

It later found that Thai businesses shipped nearly 1.3million tonnes of subsidized sugar to Vietnam last year, an increase of 330.4percent against the previous year.

The sharp increase in import volume caused serious damage toVietnam’s sugar industry, forcing plenty of sugar processing mills to haltoperation and lay off workers. According to the ministry, as many as 3,300 workers have losttheir jobs and more than 93,000 farmers have been affected.

Therefore, in the coming time, to make the final conclusionabout the case, the MoIT will continue to work with relevant parties, verifydata and hold a public consultation session The investigation is expected to endin the second quarter of 2021./.
VNA
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