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Saturday, June 15, 2024

Vietnam probes Thai sugar’s evasion of trade remedies

The Saigon Times

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CAN THO – The Ministry of Industry and Trade has launched an investigation into the evasion of trade remedies for sugar products originating from Thailand following requests from domestic sugar producers.

According to a petition submitted to the ministry by domestic sugar producers and the Vietnam Sugarcane and Sugar Association (VSSA), Thai sugar products subject to anti-dumping and anti-subsidy duties have entered the Vietnamese market through five ASEAN countries: Laos, Cambodia, Indonesia, Malaysia and Myanmar.

Earlier on June 15, the ministry imposed anti-dumping and anti-subsidy duties on several sugar products imported from Thailand, the Trade Remedies Authority of Vietnam under the ministry said on September 22.

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 dropped by nearly 38%, from 955,500 tons to 595,000 tons during the period.

Due to the surge in sugar imports from the five countries, the authority quickly cooperated with other relevant units, VSSA and many domestic sugar producers to collect information and data and make a petition to request an investigation into the evasion of trade remedies of Thai sugar, according to the authority.

By Trung Chanh

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