Vietnam Gov’t not intervene in carbon steel prices: Canada agency
Vietnam’s Gov’t not intervene in domestic carbon steel prices: Canadian agency
There is not enough ground to say that the Government of Vietnam intervenes in the domestic prices of the carbon steel welded pipe industry, according to the final determination by the Canada Border Services Agency (CBSA).
The Canadian agency was required to examine if Vietnam’s carbon steel welded pipe sector operates in accordance with the market economy’s principles (Photo: VNA)
Hanoi (VNA)– There is not enough ground to say that the Government of Vietnam intervenesin the domestic prices of the carbon steel welded pipe industry, according tothe final determination by the Canada Border Services Agency (CBSA).
The Canadian agency was required to examine ifVietnam’s carbon steel welded pipe sector operates in accordance with themarket economy’s principles.
Vietnam’s Ministry of Industry and Trade has coordinatedwith relevant ministries and sectors to supply full information for the CBSAduring the investigation and onsite verifications.
With the aforesaid conclusion, CBSA calculated the dumping margin of Vietnameseexporters based on their actual production costs.
This is the first anti-dumping investigation case in which Canada concludedthat a Vietnamese manufacturing industry operates according to the marketeconomy’s principles, without the involvement of the Government.
The dumping margin of thetwo Vietnamese enterprises that export the product to Canada was concluded onlyat 3 percent and 4.9 percent, much lower that that of other exporters fromTurkey, Pakistan, and the Philippines.
This has helped Vietnamese businesses maintain their competitiveness advantageswhile exporting this product to Canada.
From February 15, 2019, Canada will begin to impose anti-dumping duties oncarbon steel welded pipe from Vietnam, Turkey, Pakistan, and the Philippines, accordingto the margin that CBSA had concluded if the Canadian International TradeTribunal (CITT) rules that there is damage to the domestic manufacturingindustry. –VNA
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The Canadian agency was required to examine if Vietnam’s carbon steel welded pipe sector operates in accordance with the market economy’s principles (Photo: VNA)
