Từ khóa: #imported sugar

The Office of the Ministry of Industry and Trade on the morning of August 2 informed that the ministry had issued Decision No.1514 on applying measures to prevent evasion of safeguard duties for some cane sugar products imported from Cambodia, Indonesia, Laos, Malaysia, and Myanmar.

Although Vietnam has had a decision to impose an anti-dumping tax on imported Thai sugar, there are signs that cane sugar from this country enter the Vietnamese market through a third country. The Ministry of Industry and Trade (MoIT) has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) for further investigation and prevention.

The office of the Ministry of Industry and Trade (MoIT), on the morning of June 16, informed that the ministry had decided to apply anti-dumping and anti-subsidy measures to some cane sugar products originating from Thailand.

After Vietnam joined the ASEAN Trade in Goods Agreement (ATIGA), officially abolishing the import tariff rate quota and reducing import tax to 5 percent for countries in the ASEAN for a year, the domestic sugar industry has a significant backward step.

From 2020, Vietnam implements the ASEAN Trade in Goods Agreement (ATIGA) to reduce import tariffs on sugar. Domestic sugar refineries were happy that when the official import of sugar increases, they can compete and restrict smuggled sugar. However, the joy did not last long, imported sugar is cheaper than domestically-produced one, making many sugar refineries continue to suffer losses, and farmers stop growing sugarcane.

The Vietnam Sugarcane and Sugar Association (VSSA) informed that there is enough evidence of dumping of imported sugar in the Vietnamese market, causing dozens of sugar refineries to close or halt operation. In the coming time, there will be more sugar refineries to suffer the same situation.

The Ministry of Industry and Trade has just announced the decision to auction the right to use the tariff rate quota of 103,000 tons of sugar in 2020.