Vietnam's Ministry of Industry and Trade has announced that it has made a final determination to impose definitive safeguard duties on color-coated steel sheet imports into Vietnam for a period of three years.
Accordingly, the ministry has introduced import quotas for color-coated steel sheet imports and has calculated a safeguard duty of 19 percent for the countries exceeding the annual quota.
The safeguard investigation on color-coated steel sheet imports was launched in July last year upon the complaint lodged by Vietnamese steel producers JSC Dai Thien Loc Joint Stock Company and Nam Kim Steel Joint Stock Company.
The products subject to the safeguard duty are color-coated steel sheets of alloy or non-alloy steel, cold-rolled, coated or zinc-coated and pre-painted galvanized steel sheets, currently classified under Harmonized System Code Numbers 7210.7010, 7210.7090, 7212.4010, 7212.4020, 7212.4090, 7225.9990, 7226.9919 and 7226.9999.
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| Amount of import quotas not subject to safeguard duty (mt) | |||||
| China | Korea | Taiwan | Other countries / regions | Total quotas not subject to safeguard duty | ||
| First year (From 15/6/2017 to 14/6/2018) | 323,120 | 34,451 | 14,428 | 8,680 | 380,679 | 19.00% |
| Second year (From 15/6/2018 to 14/6/2019) | 355,432 | 37,897 | 15,871 | 9,547 | 418,747 | 19.00% |
| The third year (From 15/6/2019 to 14/6/2020) | 390,976 | 41,686 | 17,458 | 10,502 | 460,622 | 19.00% |