Vietnam to impose 34% anti-dumping tax on Thailand sugar imports

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Hanoi: Vietnam has stated that it is planning to impose anti-dumping duties on raw sugar imported from Thailand to protect the domestic sugar industry.

We will levy 33.88 per cent duty on Thai sugar and yet to decide on the timeframe, said the Vietnamese industry and trade ministry.

As per the agreement of the ASEAN Trade in Goods Agreement (ATIGA), Vietnam removed import duties on sugar imported from Southeast Asian countries in 2020. This also allows the countries to impose import duties to protect the domestic industries against anti-competitive behaviour.

Following the complaints from the Vietnam sugar industry officials, the ministry conducted an anti-dumping investigation that began last September.

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