Accordingly, Mitr Phol Sugar, Thailand’s and Asia’s biggest sugar and bio-energy producer, and four associated companies, would be subject to an anti-dumping tax of 32.75 per cent. An anti-dumping tax of 25.73 per cent and an anti-subsidy tax of 4.65 per cent would be applied to Thai Roong Ruang Industry and its five affiliates, the ministry’s announcement said. The ministry said that the anti-dumping and anti-subsidy taxes were additional import taxes, applied to imported sugar products originating from Thailand, including imports under tariff quotas. Việt Nam, in June 2021, decided to officially impose an anti-dumping tax of 42.99 per cent and an anti-subsidy tax of 4.65 per cent on sugar products originating from Thailand in a period of five years starting from June 16, 2021. According to the Việt Nam Sugarcane and Sugar Association, sugar imported from Thailand to Việt Nam caused 3,300 people to lose their jobs and 93,225 farming households to be affected due to difficulties of the domestic sugar industry.
