US extends duty evasion probe into plywood from Vietnam for sixth time
VOV.VN - The US Department of Commerce (DOC) recently unveiled an extension of the deadline for issuing its final conclusion on a trade remedy duty evasion probe into hardwood plywood imported from the Vietnamese market.
This marks the sixth time that the DOC has announced the extension, with the final conclusion being issued on May 2, 2023.
Earlier on July 25, 2022, the DOC announced the preliminary conclusion of the case, saying that plywood from Vietnam using materials from China should be subject to the same anti-dumping and anti-subsidy duties applied to the northern neighbour. If the materials are produced in Vietnam or other countries, the products will be exempt from any duties.
The provisional tax rate may be up to 378.26%, applicable to shipments imported into the US from June 17, 2020.
However, the DOC has allowed Vietnamese enterprises to co-operate in the investigation process in order to self-certify that they do not use Chinese materials.
The number of enterprises participating in the self-certification accounted for about 80% of Vietnamese export turnover during the investigation period.
Currently, the US applies an anti-dumping duty of 183.36% and an anti-subsidy tax ranging from 22.98% to 194.90% on the product from China.
Statistics compiled by the US Customs and Border Protection indicate that the export turnover of plywood using Vietnamese hardwood materials to the US continuously increased from US$112.3 million in 2018 to US$226.4 million in 2019, US$248.5 million in 2020, and US$356.7 million in 2021.
