On the afternoon of June 15, the Ministry of Industry and Trade issued Decision 1578/QD-BCT, applying anti-dumping tax and anti-subsidy tax on a number of cane sugar products originating from the Kingdom of Thailand. Specifically, imported sugar cane under HS codes 1701.13.00, 1701.14.00, 1701.99.10, 1701.99.90, 1702.90.91 will be subject to an official anti-dumping tax of 42.99% and an anti-dumping duty rate. the official subsidy is 4.65%. These two taxes are additional import taxes, applied to imported sugar cane originating from Thailand, including imports under tariff quotas. This decision has a term of 5 years, effective from June 16, Before that, the final investigation conclusion of the investigating agency determined that some Thai sugarcane products had dumping behavior, subsidized imports of the goods under investigation; The domestic industry is suffering significant injury and there is a causal relationship between the imports of the dumped and subsidized goods and the substantial injury to the domestic industry. In order to have a basis for determining the origin of imported goods subject to the application of anti-dumping and anti-subsidy tax, the customs authority will check the documents certifying the origin of goods, including: origin of goods (C/O), or proof of origin in accordance with the ASEAN Trade in Goods Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Free Trade Agreement between Vietnam and EU (EVFTA), UKVFTA… Previously, on May 12, the Trade Remedies Administration (Ministry of Industry and Trade) held a public consultation (online form) with the participation of 80 delegates representing groups of stakeholders including: Governments, businesses, associations of Thailand and Vietnam. At the consultation, a representative of the domestic industry said that the Thai sugar industry is supported by the Government from controlling the domestic market (supporting fixed prices, dividing market shares), controlling imports, export subsidies, direct financial support of 1.3 billion USD/year, debt financing, input subsidies, so when entering Vietnam, it caused serious damage to the industry, so it is recommended to impose taxes. Pursuant to the provisions of the Law on Foreign Trade Management, on September 21, 2020, the Ministry of Industry and Trade issued Decision No. 2466/QD-BCT on the initiation of anti-dumping and anti-subsidy investigation on cane sugar with originating from Thailand on the basis of the application dossier of the representative of the domestic industry. Implementing Vietnam’s commitments in ASEAN regarding the application of tariff quotas under the WTO, Vietnam has abolished tariff quotas on sugar imports for ASEAN countries since January 1, 2020. In the first eight months of 2020, the amount of cane sugar imported into Vietnam increased dramatically, reaching nearly 950,000 tons, an increase of more than 6 times over the same period in 2019. In which, the amount of cane sugar imported from Thailand into Vietnam accounting for a major proportion, reaching nearly 860,000 tons (compared to the same period in 2019 it was 145,000 tons and the whole year 2019 was 300,000 tons). According to a representative of the domestic industry, the sudden increase in imports is the main cause of damage to the domestic sugar industry. The domestic production of cane sugar in the 2019-2020 crop year is estimated at less than 800,000 tons, down from 1.2 million tons in the 2018-2019 crop year. In addition, the domestic industry has also provided information and evidence that cane sugar products imported from Thailand are being dumped into Vietnam and the Thai Government has been maintaining some subsidy policy for sugarcane farming activities of farmers and the sugar industry.

Airbus logo at the factory in Hamburg, Germany. (Photo: AFP/VNA) European aircraft maker Airbus has welcomed a truce between the European Union (EU) and the US to ease transatlantic trade tensions over government subsidies for the two manufacturers. airplane export Boeing and Airbus . Speaking at a press conference on June 15, Airbus Chief Commercial Officer Christian Scherer said: “From an Airbus perspective, we warmly welcome that agreement.” Mr. Scherer stressed that anything that levels the playing field in this highly competitive industry and avoids a nasty tariff confrontation where neither side wins is good news. Earlier, US Trade Representative Katherine Tai said that the EU and the US had come to an agreement to suspend retaliatory tariffs related to the dispute over subsidies for two aircraft manufacturers Airbus and Boeing in the past 5 years. year. Ms. Katherine Tai said Washington could re-impose punitive taxes if US companies cannot “ fair competition ” with European companies. This agreement is said to mark a diplomatic victory in the US President’s trip Joe Biden to Brussels. In March, the EU and the US also agreed to suspend for four months the imposition of retaliatory tariffs related to subsidies to Airbus and Boeing. The suspension will last until July 10, with tariffs re-imposed on July 11, if no solution is reached. Due to a trade dispute over government subsidies for two of the world’s top rival aircraft manufacturers, Airbus and Boeing, EU and US continuously roll out tariffs to punish each other. In March 2018, then US President Donald Trump imposed a 25% tax on imported steel products and 10% on aluminum imported from the EU, Canada and Mexico. In response, the EU approved regulations to impose tariffs on $3.2 billion in US goods, including a 25% tax on American whiskey. In addition to the Airbus-Boeing issue, the two sides are currently arguing over France, Spain and some EU countries imposing digital taxes on major US technology firms.

Besides, European Commission President Ursula von der Leyen also expressed optimism that the two sides will reach an agreement as soon as possible. US and EU express cooperation on protection issues for Boeing and Airbus In March, the EU and the US also agreed to suspend counter-tariff actions for four months over a dispute related to protections for Airbus and Boeing. The US accused the EU of protecting aircraft maker Airbus to create a competitive advantage, while the EU also accused the US of taking similar measures against Boeing. The related lawsuits have dragged on for the past 17 years but have not come to an end. The dispute has led Brussels and Washington to repeatedly launch tariffs to punish each other. In March 2018, former US President Donald Trump imposed 25% tariffs on imported steel products and 10% on aluminum imports from the EU, Canada and Mexico. In response, the EU approved a regulation to impose tariffs on $3.2 billion in US goods, including a 25% tax on the country’s whiskey. In addition to the issue of Airbus-Boeing, the two sides are currently arguing about France, Spain and some EU countries imposing digital taxes on major US technology firms.

A representative of the Trade Remedies Department (Ministry of Industry and Trade) said that the investigation and application of trade remedies, specifically the application of anti-dumping and anti-dumping measures on a number of cane sugar products originating from Thailand imported from Thailand. imported into Vietnam, has been implemented by the Ministry of Industry and Trade in accordance with the provisions of the law on foreign trade management, as well as in accordance with international practices, based on objective and verifiable grounds and evidence. real. After more than 5 months of investigation (since September 2020), based on the investigation results, and before making the final conclusion of the case, on May 12, 2021, the Ministry of Industry and Trade held a meeting hold a consultation session to listen to the opinions of all interested parties. The final conclusion of the Investigation Agency of the case, determined that there was an act of dumping and subsidizing the imported goods under investigation (cane sugar products originating from Thailand), causing significant damage to the domestic manufacturing industry; there is a causal relationship between imports of dumped and subsidized goods and substantial injury to the domestic industry. On that basis, the Ministry of Industry and Trade has decided to impose an official anti-dumping tax of 42.99% and an official financial tax of 4.65%. Anti-dumping tax, CTC is an additional import tax, applied to imported cane sugar originating from Thailand, including imports under tariff quotas. The time limit for application of anti-dumping tax and financial tax is officially 05 years from the date on which the decision on application of anti-dumping tax and financial tax officially takes effect (unless it is changed or extended according to another decision of the Ministry of Industry and Trade. ). Illustration Regarding the application of anti-dumping and anti-dumping duties, effective retroactively, the Ministry of Industry and Trade said, based on the final investigation conclusions and data of the General Department of Customs on the import situation of investigated goods. The Ministry of Industry and Trade determined that there was no sudden increase in the volume or quantity of dumped and subsidized goods entering Vietnam in the period from the time the investigation was conducted until the application of the CBGP tax. and temporary CTC. Therefore, there is not enough basis to apply anti-dumping and anti-dumping measures taken effect in advance according to Clause 4, Article 81 and Clause 4, Article 89, Law on Foreign Trade Management. In order to have a basis for determining the origin of imported goods subject to anti-dumping tax and CTC, according to Decision 1578/QD-BCT, the customs authority will check the documents certifying the origin of goods. , including: Certificate of Origin (C/O); documents certifying the origin of goods in accordance with the provisions of the ASEAN Trade in Goods Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU-Vietnam Free Trade Agreement, the EU-Vietnam Free Trade Agreement, and the EU-Vietnam Free Trade Agreement. Free Trade Vietnam – United Kingdom of Great Britain and Northern Ireland. Accordingly, if the customs declarant submits documents certifying the origin of goods from a country or territory other than the Kingdom of Thailand, the official anti-dumping tax and CTC is not required. If the customs declarant submits proof of origin from the Kingdom of Thailand or fails to submit the proof of origin, the official anti-dumping tax and CTC as mentioned above (anti-dumping tax is 42.99%, CTC tax is 4.65%). The Ministry of Industry and Trade also said that in case the anti-dumping tax and the official CTC are lower than the provisional anti-corruption tax and the provisional CTC (the tax rate is temporarily applied when there is no final investigation conclusion and the official tax is imposed). This tax difference will be refunded. Pursuant to current legal regulations, the Ministry of Industry and Trade and the investigating agency will notify the receipt of application for exemption after the Ministry of Industry and Trade issues a decision to apply trade remedies. A quick information to the reporter of the Industry and Trade Newspaper right after learning that the Ministry of Industry and Trade officially applied anti-dumping tax and CTC tax on imported sugar originating from Thailand, a leader of the Vietnam Sugar Association, said. : The Vietnam Sugar Association is quite satisfied with Decision 1578/QD-BCT of the Ministry of Industry and Trade. This is a timely decision, which will make an important contribution to support the development of Vietnam’s sugar industry, when in the context of integration, the sugar industry has faced great challenges due to the unfair competition of the sugar industry. imported sugar (mainly imported from Thailand) due to subsidies, dumping, and smuggling into the Vietnamese market. Compared with the previous decision to impose anti-dumping tax and temporary CTC, the official anti-dumping tax and CTC also eliminated the difference between raw sugar and refined sugar.

The US-EU reached a historic agreement to settle a 17-year dispute involving Airbus and Boeing. (Source: Getty Images) US officials confirmed that the country and the EU had reached an agreement to end a dispute over government subsidies to the world’s top commercial aircraft manufacturers at the US Summit- EU in Brussels. The two sides agreed to suspend the tariffs for a period of five years. US Trade Representative Katherine Tai said the deal “resolves a longstanding trade issue in the US-EU relationship”. “Instead of fighting one of our closest allies, we are ultimately fighting a common threat together,” Ms. Tai said. Under the agreement between Airbus-Boeing, any passenger aircraft built in the future will not be allowed to receive subsidies from the government. In addition, these two allies also pledged to settle another dispute related to imported aluminum and steel products. According to the CNN The fact that the EU and the US reached an agreement to end the dispute and impose a “eaten patty” tax for the past 17 years is a positive signal for bilateral cooperation under President Joe Biden. Immediately after the news was announced, shares of Airbus group rose 1.4% on the Paris exchange. Meanwhile, shares of Boeing have not changed much. (according to CNN)