Vietnam imposes anti-dumping tax on sugar imported from Thailand

VOV.VN - The Ministry of Trade and Industry has decided to levy a temporary anti-dumping tax of 33.88% on sugar imported from Thailand.

This tax rate will be regularly reviewed to ensure a fair, competitive environment if there is a strong shift from importing refined and white sugar to importing raw sugar in order to avoid anti-dumping tax and anti-subsidy at a higher level.

The decision comes after the Ministry of Trade launched an investigation in September 2020 to see if sugar imported from Thailand had received subsidies from the government.

It later found that Thai businesses shipped nearly 1.3 million tonnes of subsidized sugar to Vietnam last year, an increase of 330.4% compared to the previous year.

The sharp increase in import volume caused serious damage to Vietnam’s sugar industry, forcing plenty of sugar processing mills to halt operation and lay off workers.

According to the ministry, as many as 3,300 workers have lost their jobs and more than 93,000 farmers have been affected by the inefficient operation of sugar mills.  

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