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Govt imposes anti-dumping duties on steel trade from Indonesia, Vietnam

KUALA LUMPUR: The Malaysian government has imposed anti-dumping duties on imports of cold-rolled stainless steel in coil, sheet or any other form (subject merchandise) originating or exported from Indonesia and Vietnam. In a statement today, the Ministry of International Trade and Industry (MITI) said the anti-dumping duty for Indonesia is 8.80 per cent to 34.82 per cent and Vietnam 7.81 per cent to 23.84 per cent. MITI added that the duties are equivalent to the amount of the dumping margins that has been determined. The collection of anti-dumping duty on the subject merchandise has been enforced by the Royal Malaysian Customs Department for five years from April 24, 2021 to April 23, 2026.

Domestic plastics sector set to capitalise on opportunities from EVFTA

Wednesday, 12:31, 03/03/2021 VOV.VN - The EU-Vietnam Free Trade Agreement (EVFTA) has created a wealth of opportunities that the local plastics industry can make use of to expand export markets and attract additional foreign investment, according to insiders. Statistics compiled by the General Department of Vietnam Customs indicate that plastic export turnover has consistently recorded increases in recent years, with the average growth rate reaching between 14% and 15% annually. Indeed, the EU market accounts for approximately 18.2% of the nation’s overall plastic export turnover. Vietnamese plastic products also have a presence in over 150 markets globally. According to the International Trade Center, the country’s plastic packaging products in the EU market now enjoy a competitive advantage compared to that of regional peers such as Thailand and China due to not being subject to anti-dumping duties of between 4% and 30%.

US to impose anti-dumping tax on 18 countries | Money

Wednesday, 03 Mar 2021 01:50 PM MYT President Joe Biden’s administration determined that imports from Germany in particular (US$287 million in 2019) benefited from dumping ranging from 40 to 242 per cent. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. WASHINGTON, March 3 The US Department of Commerce is preparing to tax aluminium sheet exporters from 18 countries after determining Tuesday they had benefited from subsidies and dumping. The US International Trade Commission (ITC), an independent body, must approve the final decision by April 15 to impose anti-dumping or countervailing duties, a department statement said. The investigation, launched under Donald Trump’s administration, had been requested by nearly a dozen US aluminium alloy manufacturers, including Arconic and Aleris Rolled products, which felt they were being harmed by competing imports at lower prices.

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