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HANOI, June 3 (Reuters) – Vietnam has extended anti-dumping and anti-subsidy tariffs on some sugar \u200cproducts from Thailand for another five years, \u200cthe Ministry of Industry and Trade said in a statement \u200bposted on Wednesday, in a move that will keep the duties in place until mid-2031.<\/p>\n
The decision, effective June 16, follows a sunset review that concluded \u200cdumping and subsidisation \u2060of Thai sugar would likely continue or resume if the measures were lifted, \u2060posing ongoing harm to Vietnam’s domestic sugar industry, the statement said.<\/p>\n
The current measures, imposed in 2023, \u200bwill expire \u200bon June 15.<\/p>\n
Under \u200bthe extended measures, Thai \u200cproducers linked to the Mitr Phol group face an anti-dumping rate of 32.75% with no countervailing duty, while companies in the Thai Roong Ruang group are subject to a 25.73% anti-dumping rate \u200cplus a 4.65% subsidy duty.<\/p>\n
All \u200bother Thai exporters face the \u200bsteepest combined rate \u200bof 42.99% and 4.65%, respectively, it \u200cadded.<\/p>\n
The duties cover sugar \u200bproducts classified under \u200bsix harmonized system codes, including raw and refined cane sugar varieties.<\/p>\n
The Ministry said it \u200bwould work with \u200ccustoms authorities to monitor imports and prevent \u200bcircumvention of the tariffs.<\/p>\n
(Reporting by Phuong Nguyen; \u200bEditing by David Stanway)<\/p>\n<\/p><\/div>\n