Vietnam Economics News- Turkey has decided to levy an anti-dumping tax of 240 USD per cubic meter on Vietnamese plywood products.

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Workers process wood at Sahabak Joint Stock Company in northern Bac Kan Province (Photo:VNA)

The Vietnam Competition Authority under the Ministry of Industry and Trade on August 30 said that the Turkish Ministry of Economy (TMoE) has issued its final decision on the anti-dumping investigation into plywood imported from some countries including Vietnam.

The TMoE reported that only two Vietnamese businesses won’t have the anti-dumping tax imposed upon them, as they had provided full information to investigative agencies on schedule and proved that the exported products were made by themselves.

The decision will come into effect soon now the TMoE has officially announced it. However, Vietnamese plywood producers could send feedback on the investigation before this September 2.

Turkey initiated an investigation on May 27, 2015 into a possible avoidance of anti-dumping tax on plywood with HS codes 4412.10; 4412.31; 4412.32 and 4412.39 imported from some countries including Vietnam since 2010.

Earlier in 2006, Turkey imposed anti-dumping duties of 240 USD per cubic meter on similar products from China.

The Vietnamese Embassy’s trade office in Turkey said on August 29 that the TMoE’s General Directorate of Imports (GDI) also issued its decision on the anti-dumping investigation into polyester textured yarn imported from some countries including Vietnam.

Accordingly, it will impose anti-dumping margins of 34.81 percent to 72.56 percent on products from Vietnam and 8.48 percent to 37.69 percent on Thai products. It said relevant businesses could send petitions and feedback before September 5.

It will hold hearings for each business on September 7 and open hearings on September 8.

The decision will be submitted to the Minister of Economy in late September to issue a final decision in the first week of October.

The GDI began investigations on May 15 2015, after Korteks Mensucat Sanayive Tic. A.S. lodged its anti-dumping lawsuit on imported polyester textured yarns with HS codes of 5402.33./.

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