US cuts down anti-dumping duties on Vietnam’s honey by almost sevenfold
(VOVWORLD) - The US Department of Commerce (DOC) has slashed the anti-dumping duties on Vietnam’s honey exporters by almost sevenfold compared to its preliminary conclusions, according to the Vietnamese Ministry of Industry and Trade (MoIT).
This is part of the DOC’s final conclusions on tax rates in the anti-dumping investigation against honey imported from Argentina, Brazil, India, and Vietnam.
Accordingly, the anti-dumping duties on Vietnamese businesses were cut down to 58.74 - 61.27% from 410.93 - 413.99% in the preliminary conclusions.
This will help Vietnam’s honey industry maintain export to the US, the MoIT said, noting that it welcomes the DOC listening to relevant parties’ opinions and adjusting part of its calculation methodology.
The MoIT said in the time ahead, it will continue working to help Vietnam’s honey industry find equality in line with regulations of the World Trade Organization.