MoIT imposes temporary anti-dumping tax on imported welding materials
VOV.VN - The Ministry of Industry and Trade (MoIT) has issued a decision on imposing temporary anti-dumping tax on several types of welding material products originating from Malaysia, Thailand, and China.
During the investigation period, the MoIT strictly followed the provisions set out in the Law on Foreign Trade Management, other related regulations, and the Anti-Dumping Agreement under the World Trade Organization (WTO).
Furthermore, the MoIT also co-ordinated with relevant units in a bid to carefully review and evaluate the impact of acts of dumping imported products on the domestic manufacturing industry.
The results of the investigation indicated that the amount of some types of welding material products imported into the nation from the three countries rose sharply compared to the total domestic consumption and production quantities, thereby causing significant damage to the domestic industry.
At present, stainless steel welding rods and welding wires make up one of the most important industrial auxiliary sectors with the capacity reaching 6,000 tonnes and 66,000 tonnes, respectively, thereby meeting domestic demand, according to the MoIT.
The Trade Remedies Authority of Vietnam emphasized that the MoIT will continue to work alongside relevant units in order to collect information to assess the case’s comprehensive impact on concerned parties and come up with a final conclusion in the near future.