Ministry of Industry and Trade (MOIT) imposes temporary anti-dumping and countervailing duties on Sugar Cane Products originating from Thai Land
On February 9, the Ministry of Industry and Trade (MOIT) issued a decision to apply temporary anti-dumping (AD) and countervailing duty (CVD) measures for cane sugar originating from Thailand (Case no. AD13-AS01). Specifically:
- MOIT concluded that the domestic industry of the like products was materially injured with many factories shutdown. 3,300 employees lost their jobs, affecting 93,225 sugar cane farmers.
- MOIT concluded that the import of such subsidized and dumped sugar from Thailand increased sharply in 2020 (1.3 million tons, up 330.4% compared to 2019). It was materially injuring to the domestic like product manufacturing industry in recent years (factories closed, 3.300 workers lost their jobs, 93.225 sugar cane farmers households were affected)
- Cane sugar (including refined sugar and raw sugar) imported from Thailand was subsidized and dumped at 48.88%.
- However, after considering the economic and social impacts and ensuring the harmonization of the interests of farmers, the domestic sugar production, and the processing industry. MOIT decided to temporarily impose the temporary antidumping and countervailing duty at 33.88%.
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