India launches sunset review of anti-subsidy duty order on Vietnamese copper wires
VOV.VN - India recently initiated a probe into a sunset review of anti-subsidy duty order placed on copper wire rods imported from Indonesia, Malaysia, Thailand, and Vietnam, according to details given by the Trade Remedies Authority of Vietnam (TRAV).
The order had been issued by the Indian Ministry of Finance which came into effect for five years from January 8, 2020. The petitioner in the case was the Indian Primary Copper Manufacturers Association.
The Directorate General of Trade Remedies (DGTR) of India has conducted a sunset review in order to consider the necessity of continuing the imposition of anti-subsidy measures or the possibility of reoccurrence of subsidization.
According to information provided by the petitioner, the termination of the countervailing measures on copper wire rods is likely to lead to an increase in the import of copper wire rods from other countries into India, thereby causing significant harm to the domestic industry.
At present, the South Asian country has slapped an anti-subsidy duty rate of 7.13% on copper wire rods imported from Vietnam.
All written documents, including the response to the investigation questionnaire, must be sent to DGTR within 30 days from the date of receiving the notice of initiation of investigation, which was July 8.
Vietnamese manufacturers and exporters are therefore recommended to fully co-operate with the DGTG throughout the entire investigation process and to update the TRAV with the latest information to receive timely support.
