The Trade Remedies Authority of Viet Nam under the Ministry of Industry and Trade said Canada had announced the final conclusion of the anti-dumping and anti-subsidy investigation into corrosion-resistant steel sheets imported from several countries, including Viet Nam.
After the investigation that began in November last year, based on information provided by the Government of Viet Nam, Canada has concluded the country does not subsidise enterprises producing and exporting the steel.
Therefore, it will not impose an anti-subsidy tax on these steel products imported from Viet Nam. In addition, in the final decision, Canada also reduced the anti-dumping tax significantly compared to the preliminary decision.
Anti-dumping tax rates will be cut from 36.3 per cent to 91.8 per cent in the preliminary period to 2.3 per cent - 16.2 per cent in the final conclusion for exporters offering full co-operation in the case.
The Trade Remedies Authority of Viet Nam said Canada was assessing the damage to the domestic manufacturing industry and is expected to reach a final conclusion on November 13.
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