HCMC – The Ministry of Industry and Trade has extended an investigation into the evasion of trade remedies for sugar products originating from Thailand by two more months to ensure the probe runs well.
The probe will wrap up on July 21 this year.
In March, the ministry signed a decision extending the anti-dumping and anti-subsidy probe into Thai sugar products until May 21.
In September last year, the ministry launched an investigation into the evasion of trade remedies for sugar products originating from Thailand following requests from domestic sugar producers, as Thai sugar products subject to anti-dumping and anti-subsidy duties entered the Vietnamese market through five ASEAN countries: Laos, Cambodia, Indonesia, Malaysia and Myanmar.
The decision to investigate imported sugar products came after the ministry levied a temporary anti-dumping and anti-subsidy duty on Thailand’s sugar products in February, 2021.
In mid-June 2021, the ministry imposed an anti-dumping and anti-subsidy duty of 47.64% on several sugar products imported from Thailand.
Data from the local customs agencies indicated that after Vietnam began an anti-dumping and anti-subsidy probe into sugar products originating from Thailand between October 2020 and June 2021, the volume of sugar imported from the five ASEAN countries had surged against that of the previous nine-month period, from 107,600 tons to 527,200 tons.
Meanwhile, the import of sugar products from Thailand dipped by some 38%, from 955,500 tons to 595,000 tons during the period.
The Vietnam Sugarcane and Sugar Association cited statistics from the General Department of Vietnam Customs indicating that the country imported over 391,460 tons of sugar from the five ASEAN countries in the first quarter, skyrocketing 209% year-on-year.