The United States Department of Commerce (DoC) has just published the preliminary inquiries of its anti-dumping probe on car tyre imports, finding most Vietnamese exporters in the clear.
|The DoC has just published the preliminary findings of its anti-dumping investigation on automobile tyre imports |
Responding to VIR today (January 11), the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade said that the findings are quite positive because businesses that were found not to be dumping their products accounted for about 95.5 per cent of the value of local automobile tyre exports. The remainder has been levied a 22.3 per cent tax rate.
The preliminary results have also significantly profited Vietnamese exporters, while exporters of other markets have been applied anti-dumping tax of 13.25-98.44 per cent.
As per usual procedure, right after publishing the initial results, the DoC would hold site investigations at the businesses to varify the information they had sent to the authority. However, due ot the COVID-19 pandemic, the US only requires them to provide additional information before publishing the final results.
Therefore, TRAV recommended local automobile tyre manufacturers to collaborate with the investigators to ensure the final results will be as good as possible. In case the final findings are the same as the preliminary ones, businesses which were concluded to not be dumping their items will be eliminated from the probe.
The DoC is planning to issue the final results of the probe on May 15, 2021.