Thailand to ask Vietnam to review sugar tax

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Thailand is planning to ask Vietnam to review the decision of imposing an anti-dumping (AD) levy of 47.64 per cent on Thai sugar and initiate a new investigation.

Keerati Rushchano, director-general, Foreign Trade Department, said, ” After one year of Vietnam imposing the AD measure, Thailand will ask Vietnam to review it and open a new investigation as required by World Trade Organization (WTO) rules.”

On Wednesday, Vietnam’s Industry and Trade Ministry had informed, “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.”

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.

 

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