On 13/05/2019, the Ministry of Industry and Trade issued Decision 1230/QD-BCT on the application of measures to prevent and avoid trade defense measures. The decision takes effect from 27/05/2019.
Accordingly, the decision has specified the types of goods subject to application of measures to avoid trade defense measures. Specifically, steel and wire rod products have HS codes: 7213.91.90, 7217.10.10, 7217.10.29, 7229.90.99, 9839.10.00 imported into Vietnam from different countries / regions. In addition, the decision stated four steel groups that do not apply anti-trade measures to avoid trade remedies. Specifically:
1. Steel containing one of the elements with a percent (%) content by weight in the following scope: Carbon (C)> 0.37%; Silica (Si)> 0.60%; Chromium (Cr)> 0.60%; Nickel (Ni)> 0.60%; Copper (Cu)> 0.60%.
2. Steel containing at the same time the elements with percentages (%) by weight belong to the following scope: Manganese (Mn) from 0.70% to 1.15%; Sulfur (S) is from 0.24% to 0.35%.
3. Steel with circular cross-section of 14mm or more.
4. Domestic steel products are not yet produced.
The decision also stipulates procedures for exemption to apply trade measures to businesses when importing steel products of the above groups.
The new regulation of the Ministry of Industry and Trade has shown the close management of import of steel products, exemption from anti-shielding anti-defense tax for enterprises importing steel items under the list of non-pressurized products. Using trade defense measures, facilitating business activities of steel products take place more exciting in Vietnam market.