US initiates first sunset review of laminated woven sacks imported from Vietnam: MOIT
WVR/VNA - The US Department of Commerce (DOC) announced the initiation of the first sunset review of the anti-dumping and countervailing duty orders on laminated woven sacks imported from Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).
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The Agency said the decision was announced by the US Department of Commerce (DOC) on May 1, 2024.
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| US initiates first sunset review of laminated woven sacks imported from Vietnam. |
The investigated products have HS codes 6305.33.0040, 3917.39.0050, 3921.90.1100, 3921.90.1500, 3923.21.0080, 3923.21.0095, 3923.29.0000, 4601.99.0500, 4601.99.9000, 4602.90.0000, and 5903.90.2500.
They were subject to anti-dumping and countervailing duty investigations by the US in 2018 and have been taxed since 2019 at the rates between 109.46 per cent to 292.61 per cent for the anti-dumping investigation, and between 3.02 per cent to 198.87 per cent for the countervailing duty investigation, the agency said.
The sunset review is conducted once every five years. If the review results indicate that discontinuing the anti-dumping and countervailing duties could lead to the continuation or recurrence of dumping and subsidization causing significant harm to the US production industry, the duty orders will be extended for another five years.
The Trade Remedies Authority recommends relevant production and export businesses to familiarise themselves with regulations and procedures for the sunset review process of the US.
Businesses should comply fully with the requirements of the US investigating agency and closely coordinate with the authority throughout the entire process of cases, it said.
(Source: WVR/VNA)
