November 24, 2024 | 05:44 GMT +7

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Wednesday- 14:38, 27/04/2022

The US extended the deadline for issuing the conclusion on the anti-dumping probe into hardwood plywood

(VAN) The US Department of Commerce (DOC) extended the deadline to issue the final conclusion on the anti-dumping and anti-subsidy tax evasion investigation case concerning hardwood plywood from Vietnam.
The US extended the deadline for issuing the conclusion on the anti-dumping probe into hardwood plywood imported from Vietnam. Photo: TL.

The US extended the deadline for issuing the conclusion on the anti-dumping probe into hardwood plywood imported from Vietnam. Photo: TL.

According to the Ministry of Industry and Trade (MoIT), the DOC plans to issue the conclusion on October 17 instead of April 20. This is the third extension that the DOC has made on the case, which was launched on June 17, 2020, following a request by the US Customs and Border Protection (CBP).

The DOC initiated the case on June 17, 2020, at the request of the US Customs with 2 contents to determine whether hardwood plywood imported from Vietnam into the United States is within the scope of products subject to tariffs.

The first content is a scope inquiry. Accordingly, to determine whether hardwood plywood imported from Vietnam into the US is within the scope of products subject to tariffs, DOC will consider five factors in the exporting process of hardwood plywood production, including investment level of manufacturing and exporting enterprises; level of investment in product research and development; manufacturing process in Vietnam; the scale of production facilities in Vietnam; The value-added part of the product made in Vietnam.

The second content is the investigation of evasion of trade remedies (anticircumvention). The objective of the US trade remedy evasion investigation is to ensure the effectiveness of the current trade remedy measures applied to Chinese hardwood plywood. Therefore, in case Vietnam's plywood manufacturers and exporters can prove that they are not evading the trade remedy measures that the US is applying to China, they will not be subject to anti-evading duties.

Over the past time, the Ministry of Industry and Trade and relevant ministries and branches have coordinated to answer the questionnaires raised by the DOC to verify and clarify the case and also have forms of exchange and dialogue for the Chinese side to have a good understanding of Vietnam’s wood processing and manufacturing industry.

In addition, Vietnamese export enterprises have cooperated with the DOC to prove that their production and export activities are not aimed at evading the US trade remedy tax.

To ensure the legitimate interests of enterprises producing and exporting hardwood products to the US, the Ministry of Industry and Trade recommends that enterprises closely monitor the case's developments and regularly update information from the DOC, Trade Remedies Administration, and import partners in the United States.

Businesses need to fully cooperate with the DOC in the investigation process and contact the Ministry of Industry and Trade to receive timely support.

Author: Son Trang

Translated by Ha Phuc

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