3:26:39 PM | 7/8/2005
The European Commission (EC) has decided to impose anti-dumping tariffs on Vietnamese compact fluorescent lights at a rate of 66.1 per cent, according to the Ministry of Trade.
The new tariff rate, the highest so far, will slam the door for almost Vietnamese fluorescent light makers to enter the EU market, the ministry said.
EU has carried out investigations on Vietnamese compact fluorescent lights and convinced that
EC suspected that some Chinese enterprises had imported parts into
EC also said that only the Rang Dong Lamps and Flask Co.’s products exported to EU were made in its factories.
According to the company’s director Nguyen Toan Thang, the company exported 350,000 fluorescent lamps to EU in 2004. If EC imposes anti-dumping tariffs on this product, the Rang Dong Company will be get difficulties in reaching its targeted export turnover of US$5 million to this market for this year.
There were seven doubted Vietnamese compact fluorescent light producers refused meeting the investigation team and did not give data and statistics convincing their products’ origins. These enterprises mostly work under processing contracts or temporarily import and export products to the third country to enjoy a tax wedge.
This is the fifth Vietnamese product after garlic, leather shoes, Tra and Basa frozen fillets, and shrimp, which are suffering from anti-dumping tariffs.
Before this decision was released, Vietnamese makers were enjoying preferential tax policy with a rate of 5-20 per cent. To be entitled this policy, products exported to EU must have a rate of imported materials of less than 60 per cent and value-added on each finished product of under 25 per cent.
Youth
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