The Australian
Anti-Dumping Commission has opened an anti-dumping investigation on wire rod in
coil imports from Vietnam and
other exporters
On June 7th, 2017, the Anti-Dumping Commission of
Australia (ADC) initiated the anti-dumping investigation against rod in coil
originating from Indonesia, Korea and Vietnam.
At present, rod in coil
is not applied tax when being exported from Vietnam into Australia.
Investigated product
includes HS code: 7213.91.00.44, 7227.90.90.02 and 7227.90.90.42
The companythat filed
claim for investigation: OneSteels Company.
Period of investigation:
1/4/2016 to 31/3/2017.
Period of damage
investigation:1/1/2013 up to present.
Dumping margin of
product as allegation of plaintiff is 30,6% for Vietnam, 30,6% for Indonesia
and 43,3 % for Korea
However, as preliminary
calculation of ADC, expected dumping margin should be: 20,9% for Vietnam, 29,8%
for Indonesia and 20,9 % for Korea
The filing party alleges
that Vietnam belongs to particular market situation because of the level tax of
two primary input material types, accordingly, the normal price shall be
calculated by using the selling price in Vietnam but using the cost of a
similar producer. The ADC may apply temporary anti-dumping measures but not
earlier than 60 days since the date of initiation.
As expected, ADC shall issue Essential Facts on Sep 25th,
2017 and concerned parties shall have 20 days to comment.
The concerned parties could send the comment through their anti-dumping lawyers or law firm in
Vietnam and Australia whom is familiar with the process and procedures in
Australia.
In the past, Australia implemented anti-dumping investigation
against this product originating from Indonesia, Taiwan and Turkey.
Accordingly, Indonesia and Turkey were applied tax in 2015 but after the on
review in 2016, tax has been lifted for product from Indonesia (due to causing
no damage for Australian manufacturing industry).
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