September 27, 2021

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Canada completes investigation into anti-dumping of Vietnam upholstered seats Economy

Canada completes investigation into anti-dumping measures on seats set up in Vietnam Hin On 1Chart Photo (Source: VNA)

Hanoi (VNA) – Canada Border Services Company (CBSA, In English) published his final decision Anti-dump investigation And anti-subsidy Set seats Exported from Vietnam and China, according to the Department of Trade Safety (DDC) of the Indonesian Ministry of Industry and Trade.

As a result, of the eight companies reviewed, only Vietnam is subject to a 3.7 percent anti-subsidy tax, while the rest are free in this case, the source said.

According to the Vietnamese company, the Canadian side, which demonstrates the transparency of Southeast Asian nation policy and law enforcement, assumes that most of the Vietnamese companies they cooperate with do not receive grants from the government.

He explained that this fact also shows that Vietnam’s economic sectors are operating in a fairly competitive market.

By the end of the CBSA, most Vietnamese companies surveyed could significantly reduce the margin of dumping, thereby raising the final average tax rate to 10 to 20 percent, which is less than the initial level of 20 to 90 percent.

According to official data, during the litigation period from June 2019 to the end of September 2020, exports of seats loaded from Vietnam to Canada reached $ 135.6 million, the North American country equivalent to 10 percent of total imports.

In an environment where Vietnam has participated in several free trade agreements, DDC seeks to improve the training of companies in dealing with the demands of foreign partners in order to help national companies deal with such cases.

VNA