Hanoi: The sugar products from Thailand will face an anti-dumping levy of 47.64% in Vietnam. This will be for five years to replace a temporary tax introduced in February, said the Industry and Trade Ministry on Wednesday.
The decision was taken after the ministry finished an anti-dumping investigation that began last September after the demand of the domestic industry.
The investigation revealed that the subsidized sugar shipments from Thailand increased 330.4% to 1.3 million tonnes in 2020 that impacted the domestic sugar industry, said the ministry in a statement.
The industry ministry in February had imposed a temporary 33.88% levy on Thai sugar.
According to the news report by Reuters, Sansern Samalapa, vice commerce minister, Thailand said, we will file an objection through an embassy in Vietnam and ask the country to reinvestigate and review the measures next year to confirm that we have not dumped any sugar in the market and we will ask them to decrease the tax.
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