India Imposes Anti-Dumping Tax on Vietnam’s Yarns, Fabrics
India had decided to impose anti-dumping tax of up to US$527 over one ton of imported yarns and fabrics originated from China, Thailand and Vietnam last weekend in order to product its domestic industries against cheap imports.
Indian Directorate General of Anti-dumping said that his country’s producers have been financially damaged over the past time since these countries’ products being sold at dumping prices in India.
The duty, which will be effective till September 25 this year, would be between US$112.64 and US$527.31 per ton.
India is also imposing anti-dumping duty to Vietnam’s compact discs-recordable (CD-R) and compact bulbs, at tax rate of US$46.94 per 1,000 discs and between US$0.452-US$1.582 per compact bulb respectively. (Vietnam & World Economy)
Vietnam’s export of rubber to China may rise in April thanks to higher demand from Chinese companies, according to the Ministry of Industry and Trade.
The ministry said Vietnam’s rubber export volume to China will rise by 200 tons a day from current in the next quarter.
Currently, Vietnam ship around 500-600 tons of rubber a day to China via Luc Lam and Mong Cai border gates.
Export price of Vietnamese rubber to China is averaging at CNY11,000/ton (US$1,609), down CNY300/ton (US$43.88) from a week earlier.
Vietnam exported US$952.7 million worth of rubber to China in 2008, accounting fir 56 per cent of the country’s total rubber export value. (Vietnam & World Economy)
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