(Photo: Mitr Phol Group)HANOI: Vietnam has imposed anti-dumping penalties between 25.73% and 32.75% on sugar products imported from some of Thailand’s biggest sugar producers for a period of nearly three years, the country’s trade ministry said on Tuesday. An anti-dumping tax of 32.75% will be applied to Asia’s biggest sugar and bioenergy producer, Mitr Phol Sugar, and four associated companies, the ministry said. Thai Roong Ruang Industry and its five affiliates will face an anti-dumping tax of 25.73% and an anti-subsidy tax of 4.65%, the statement added. Vietnamese sugar producers had complained to the government that to get around earlier anti-dumping measures, some sugar products originating from Thailand were being imported via Laos, Cambodia, Indonesia, Malaysia and Myanmar. Vietnam removed duties on sugar imported from Southeast Asian countries in 2020, in accordance with the commitments of the Asean Trade in Goods Agreement.

Source: Bangkok Post August 08, 2023 14:37 UTC