Vietnam continues to implement safeguard measures on imported wire rods
Mar. 27, 2020
On March 20, 2020, the Ministry of Industry and Trade of Vietnam issued Resolution 920 / QD-BCT to avoid circumvention of safeguard measures against imported alloy and non-alloy steel slabs, alloy and non-alloy steel bars (including disk steel and steel bars) , Continue to expand the implementation of safeguard measures on imported wire rods, the specific measures are as follows: March 22, 2020 to March 21, 2021, safeguard measures tax is 9.4%, March 22, 2021 to March 21, 2022 is 7.9 %, From March 22, 2022 to March 21, 2023 is 6.4%, and March 22, 2023 is 0 (if there is no extension). The Vietnam tax IDs of the products involved are 7213.91.90, 7217.10.10, 7217.12.29, 7229.90.99 and 9839.10.00.
On July 18, 2016, the Ministry of Industry and Trade of Vietnam issued Resolution 2968 / QD-BCT, which finally ruled that trade safeguard measures should be taken on imported alloy and non-alloy steel billets, alloy and non-alloy steel bars (including disk steel and steel bars). , The Vietnamese tax IDs of the products involved are 7207.11.00, 7207.19.00, 7207.20.29, 7207.20.99, 7224.90.00, 7213.10.00, 7213.91.20, 7214.20.31, 7214.2041, 7227.90.00, 7228.30.10 and 7228.30.10 and 9811.00.00. Pursuant to the Resolution No. 862 / QD-BCT issued by the Ministry of Industry and Trade of Vietnam on March 7, 2016, a temporary protection measure tax of 14.2% on imported wire rods will continue to be levied until August 1, 2016. From August 2, 2016 to March 21, 2017 and the following year, it increased to 15.4%, from March 21, 2018 to 13.9%, and then to 12.4% the following year, to March 2020 On the 21st, it will drop to 10.9%. If there is no extension, the safeguard measure tax will be 0% from March 22, 2020. On August 22, 2019, the Ministry of Industry and Trade of Vietnam issued Resolution 2605 / QD-BCT, initiating the first sunset review review investigation of imported billets, alloys and non-alloy steel bars (including steel plates and bars). On March 20, 2020, the Ministry of Industry and Trade of Vietnam issued Resolution 918 / QD-BCT to extend the safeguard measures for alloy and non-alloy steel billets, alloy and non-alloy steel bars (including coil steel and steel bars).