On May 6, the Trade Remedies Authority of Vietnam (under the Ministry of Industry and Trade) announced that the Indian Ministry of Finance has issued a decision not to impose anti-dumping tax on some artificial staple fibre products made or imported from China, Indonesia and Vietnam.
Previously, on December 30, 2020, the Directorate General of Trade Remedies under the Indian Minister Commerce and Industry had issued the final investigation conclusion No. 6/41/2019-DGTR which proposed that the Ministry of Finance of India impose taxes of US$0.25-0.8 per kg on the products under investigation.
For products from Vietnam, the proposed anti-dumping duty was US$0.41 per kg.
The case was initiated on January 14, 2020, by the Indian Manmade Yarn Manufacturers Association, accusing artificial fibres originating or imported from China, Indonesia and Vietnam were dumped on India.
According to aggregate data from Vietnam Customs, in 2019, Vietnam's total export turnover of products under investigation was US$9.7 million, up 78% compared to 2018.
