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Tuesday, July 23, 2024

Canada imposes anti-dumping duty of 37.4% on Vietnam’s OCTG exports


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HCMC – The Canada Border Services Agency (CBSA) has concluded an investigation and review into anti-dumping duty on oil country tubular goods (OCTG) imported from Taiwan, India, Indonesia, South Korea, Thailand, Turkey and Vietnam.

According to the conclusion, Canada applied an anti-dumping duty of 37.4% on the product from Vietnam and other countries, while some Taiwanese, Indian and South Korean companies would enjoy a different rate. 

The rate was applied from September 6, 2022, and the parties concerned could file their claim regarding that decision before September 19.

Vietnam’s OCTG exports to Canada amounted to US$13 million in 2021, the International Trade Center reported. 

The investigation and review were to re-determine normal values and export prices as a basis for redefining the dumping margin in 2021. 

The CBSA has imposed an anti-dumping duty on OCTG imports from Vietnam and certain countries since March 2015, with a rate of 37.4% applied to Vietnamese exporters.

The Ministry of Trade has urged exporters and manufacturers in the country to keep a close watch on the case and recommended that newly established companies wishing to export the goods to Canada contact CBSA to request a new export review mechanism. 

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