Wednesday, 22 Nov 2017
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ECONOMYINDUSTRY

Australia lifts countervailing duty on Vietnam aluminium extrusions

Updated at Thursday, 06 Jul 2017, 15:19
The Hanoitimes - The Australia Anti-Dumping Commission (ADC) concluded that it would stop investigations and not to impose countervailing duty on aluminium extrusions imported from Vietnam, according to the Vietnam Competition Authority (VCA) on Tuesday.

The ADC, which is under the Australian Department of Industry, Innovation and Science, completed the investigation into the alleged dumping of certain aluminium extrusions exported to Australia from Malaysia and Vietnam.
Accordingly, ADC concludes that the dumping margin for Vietnamese cooperative exporters ranges from 7.7 per cent to 18 per cent while for non-cooperative exporters is 34.9 per cent.
The ADC initiated the investigation last August, following an application lodged by Capral Limited, a manufacturer of aluminium extrusions in Australia.
The application alleged that goods were exported to Australia at prices lower than their normal value, and these received subsidies from Vietnamese and Malaysian governments.
It said the dumping and subsidisation had caused material injury to the Australian aluminium extrusions industry.
The investigation examined exports during the period from July 1, 2015 to June 30, 2016, to determine whether dumping or subsidisation had occurred. Details of the Australian market were examined from July 1, 2012, for injury analysis purposes.
 
Cam Anh
VIR
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