Vietnam Officially applies anti-dumping tax on packaging materials

The Ministry of Industry and Trade has just issued Decision No. 1900 / QD-BCT (July 22, 2020) on the application of official anti-dumping measures on some plastic products and plastic products made from propylene polymers (commonly referred to as BOPP films) are sourced from the People’s Republic of China, the Kingdom of Thailand and Malaysia to minimize damage to the domestic manufacturing industry due to the impact of large amounts of BOPP film products. dumping imports into Vietnam.

The official anti-dumping duty rates range from 9.05% to 23.71%, which are basically lower than the preliminary applied tariffs previously applied, reflecting the harmonious balance between the interests of the manufacturing industry in water, consumer interests, and downstream industries using BOPP film products.

Considering the reasonable opinions of relevant parties, the Ministry of Industry and Trade has also decided to exclude some special BOPP film products from the scope of anti-dumping measures applied by the domestic industry. These types of products cannot be produced.

According to regulations, anti-dumping measures will take effect within 5 years from the effective date of Decision 1900 / QD-BCT.

Annually, the concerned parties may submit a dossier requesting the Ministry of Industry and Trade to conduct investigations and reviews on product scope, anti-dumping tax rates applicable to new exporters or current tax rates. applicable to foreign manufacturing and exporting enterprises.

In the last 5 years, the growth rate of Vietnam’s packaging industry has always reached 15-20% / year, with plastic packaging up to 25%. This is explained by the increasing demand for consumer goods, packaged foods, bottled beverages and pharmaceuticals, leading to an increase in packaging products. Not only serving the domestic market, the packaging industry is oriented to export, participating in regional and global value chains.

Source: http://baochinhphu.vn

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