Honey exports face US anti-dumping duties
VOV.VN - With more than 95% of honey export volume to the United States, Vietnamese honey exports are anticipated to face challenges ahead in the event that the US imposes anti-dumping tax in the near future, according to industry insiders.
This information was unveiled by experts during a seminar held on November 2 in order to seek ways for the honey industry to cope with an impending US anti-dumping probe.
According to statistics compiled by US customs, Vietnamese honey export turnover to the US market reached approximately 50,700 tonnes last year, accounting for roughly 25.8% of the country's total honey imports.
Le Thanh Van, chairman of the Vietnam Beekeepers Association, stated that the nation exported nearly 50,000 tonnes of honey to the US, accounting for 95% of the total export volume.
These figures indicate that the US’ anti-dumping investigation into Vietnamese honey is anticipated to severely impacted the domestic production market.
Agriculture expert Hoang Trong Thuy emphasised the necessity of effectively co-ordinating efforts alongside relevant agencies in a bid to provide data as requested by the US side, noting that the Vietnam Beekeepers Association must carefully prepare answers to the US side regarding the quality of honey, and whether or not the goods evade import taxes.
Van went on to reveal that the association has also requested that competent authorities work alongside US partners to consider the anti-dumping investigation into Vietnamese honey products and move to impose appropriate import duties on the products.
Moreover, Van also underlined the need to diversify markets and expand honey exports and other farm produce into new territories around the world in order to avoid reliance on a single market.
The US investigating agency is therefore expected to issue a preliminary conclusion on the case on November 17.
The US Department of Commerce (DOC) officially begun an anti-dumping investigation into honey imported from Argentina, Brazil, Ukraine, and Vietnam in May. According to the DOC’s calculations, the Vietnamese dumping margin was estimated to range from 47.56% to 138.23%.
