Vietnam - Safeguard measures on Semi-finished and certain finished products of alloy and non-alloy steel

20/07/2016 12:00 - 504 total view

This is a safeguard investigation initiated by the Ministry of Industry and Trade of Vietnam on December 25th 2015 against imports of semi-finished and certain finished products of alloy and non-alloy steel.

 
1. Petitioner: Hoa Phat Joint Stock Company, Southern Steel Company, Thai Nguyen Iron and Steel Joint Stock Corporation, Vietnam Italy Steel Company.
 
2. Product under investigation: semi-finished and certain finished products of alloy and non-alloy steel
 
3. Scope of investigation: HS number: 7207.11.00; 7207.19.00; 7207.20.29; 7207.20.99; 7224.90.00; 7213.10.00; 7213.91.20; 7214.20.31; 7214.20.41; 7227.90.00; 7228.30.10; 9811.00.00.
 
4. Investigation process:
 
25/12/2015: initiated a safeguard investigation
07/03/2016: The Ministry of Industry and Trade of Vietnam issued the Decision on imposing provisional safeguard measures.
18/07/2016: The Ministry of Industry and Trade of Vietnam issued the Decision No.2968/QD-BTC on imposing definitive safeguard measures. Under this Decision, the tariff rate of semi-finished products of alloy and non-alloy steel remained at 23.3% while that of certain finished products of alloy and non-alloy steel increased gradually from 14.2% to 15.4%.
Under the Agreement on Safeguards of the World Trade Organization (WTO), The Ministry of Industry and Trade of Vietnam also decided a downward trend in imposing definitive safeguard duty on semi-finished and certain finished products of alloy and non-alloy steel, as follow:



 
Effective date Tariff rate of semi-finished products of alloy and non-alloy steel Certain finished products of alloy and non-alloy steel
22/3/2016 -  01/8/2016 23,3%
(provisional
 tariff rate)
14,2%
(provisional
 tariff rate)
02/8/2016 - 21/3/2017 23,3%
(definitive tariff rate)
15,4%
(definitive tariff rate)
22/3/2017 - 21/3/2018 21,3% 13,9%
22/3/2018 - 21/3/2019 19,3% 12,4%
22/3/2019 - 21/3/2020 17,3% 10,9%
From 22/3/2020 on  0%
(if not extended)
0%
(if not extended)


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