Market players in Vietnam informed SSESSMENTS.COM that the country’s Ministry of Industry and Trade (MoIT) had completed surveys and assessments that found that imported products with biaxially oriented polypropylene (BOPP) film from China, Thailand, and Malaysia had hurt local BOPP film industry. Hence, it decided to keep anti-dumping duties (ADD) on those products, albeit at lower rates.
SSESSMENTS.COM previously reported that local BOPP film manufacturers requested an anti-dumping investigation into imports of those products in April 2019. Following the complaints, MoIT began an investigation in August 2019 and implemented provisional ADD on those products on March 18, 2020, The temporary duties range from 14.99% to 43.04% for China origin, 10.91% to 23.05% for Malaysia origin, and 20.35% for Thailand origin.
Now, the ministry has concluded the investigation and found cheap BOPP film imports had caused the local industry to suffer from significant losses as well as a severe drop in sales volume, revenues, profits, market share, and output capacity in recent years. Therefore it decides to apply an official ADD of 9.05% to 23.71% on those products that will be valid for five years starting from July 23, 2020. Some BOPP film products that local manufacturers do not yet produce are exempted from the tariffs.
Tags: Asia Pacific,English,News,PP,SEA,Vietnam
Published on July 27, 2020 12:20 PM (GMT+8)Last Updated on September 8, 2020 11:52 AM (GMT+8)
