Business

Smooth export breeze for “made in Vietnam” wind towers

In a remarkable turnaround for the company, wind towers produced by CS Wind Vietnam can now be freely exported to the US market without fear of anti-dumping duties.
Smooth export breeze for “made in Vietnam” wind towers ảnh 1In a remarkable turnaround for the company, wind towers produced by CS Wind Vietnam can now be freely exported to the US market without fear of anti-dumping duties (Photo: baocongthuong.com.vn)

Hanoi (VNA) - In a remarkable turnaround for the company, wind towers producedby CS Wind Vietnam can now be freely exported to the US market without fear ofanti-dumping duties.

The United States Court of International Trade (CIT) hasreaffirmed a final decision made by the Department of Commerce’s (DOC) thatwind towers made by CS Wind Vietnam Co. Ltd (CS Wind) will be subject to zeropercent anti dumping (AD) duties.

The decision marks a major success for the company, coming as itdoes five years after a prohibitively high AD of 51.5 percent had been imposed,making it all but impossible for it to export the towers to the US market.

Now, with the CIT and DOC saying “they will not initiate any newadministrative reviews of the AD order with respect to merchandise produced andexported by CS Wind,” the company can resume exports to a main market.

CS Wind had appealed to the Court of Appeals for the FederalCircuit (CAFC) to reverse the CIT’s earlier decision, approving the DOC’s useof packing weights instead of factors of production in calculating CS Wind’ssurrogate value, as well as the admittance of job work charges, erectionexpenses, and civil expenses for the company.

According to the final decision, merchandise produced by CS Windand exported by any other company, merchandise produced by any other companyand exported by CS Wind and merchandise produced by any other company notrelated to CS Wind are not entitled to the anti-dumping duty exclusion.

Any other company seeking to sell utility scale wind towers in theUS market will attract a 58.49 percent tariff.

Previously, after several determinations, both the CIT and the DOChad found the company to have a weighted average dumping margin of 17.07 percent,using surrogate financial ratios, which then went down to 17.02 percent in2015.

The DOC started conducting a less than fair valueinvestigation into CS Wind’s exports in 2013, having issued an officialanti dumping duty of 51.5 percent on CS Wind’s towers.

CS Wind Vietnam, the core manufacturer of wind towers for theAsian, South Pacific and US markets, has several factories in Ba Ria-Vung Tau province.-VNA
VNA
#wind towers #CS Wind Vietnam #anti-dumping duties
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