The Mexican government decided to apply provisional countervailing duties on the import of cold rolled coil (CRC) to imports from Vietnam, with anti dumping taxes ranging from 12.7 to 81.0 percent.
CRC imports from Vietnam will be applied starting tomorrow, September 14, countervailing duties “of 12.77 percent for imports from the exporting company Hoa Phat; of 25.64 percent for imports from the exporting company Posco Vietnam, and 81.06 percent for all other exporting producers,” the Ministry of Economy (SE) published today in the official gazette of the Mexican government (DOF).
The provisional compensatory duties are for tariff items 7209.16.01, 7209.17.01, 7209.18.01, 7209.26.01, 7209.27.01, 7209.28.01, 7209.90.99, 7211.23.03, 7211.29. 99, 7211.90.99, 7225.50 .91 and 7226.92.06 of the General Import and Export Tax Law (TIGIE).
The product also enters Mexico under Rule Eight, through Chapter 98 (Special Operations) through tariff items 9802.00.01 (Electrical Industry); 9802.00.02 (Electronic Industry); 9802.00.03 (Furniture Industry); 9802.00.07 (Capital Goods Industry); 9802.00.13 (Steel Industry); 9802.00.15 (Transportation Industry), and 9802.00.19 (Automotive and Auto Parts Industry) of the TIGIE. The “Eighth Rule” is a special import permit granted by the Mexican government.
The tariffs will be charged on imports of cold-rolled coil, definitive and temporary, as well as those for tax storage (including automotive), manufacturing, transformation or repair in a controlled area and strategic controlled area, which enter through the tariff fractions.
The investigation by Economy was carried out at the request of Ternium México. The Mexican government set the investigation period from October 1, 2020 to September 30, 2021, and the damage analysis period from October 1, 2018 to September 30, 2021.