Vietnam extends anti-dumping duties on some Thai sugar products to 2031
HANOI, June 3 (Reuters) - Vietnam has extended anti-dumping and anti-subsidy tariffs on some sugar products from Thailand for another five years, the Ministry of Industry and Trade said in a statement posted on Wednesday, in a move that will keep the duties in place until mid-2031. The decision, effective June 16, follows a sunset review that concluded dumping and subsidisation of Thai sugar would likely continue or resume if the measures were lifted, posing ongoing harm to Vietnam's domestic sugar industry, the statement said. The current measures, imposed in 2023, will expire on June 15. Under the extended measures, Thai producers linked to the Mitr Phol group face an anti-dumping rate of 32.75% with no countervailing duty, while companies in the Thai Roong Ruang group are subject to a 25.73% anti-dumping rate plus a 4.65% subsidy duty. All other Thai exporters face the steepest combined rate of 42.99% and 4.65%, respectively, it added. The duties cover sugar products classified under six harmonized system codes, including raw and refined cane sugar varieties. The Ministry said it would work with customs authorities to monitor imports and prevent circumvention of the tariffs. (Reporting by Phuong Nguyen; Editing by David Stanway)
