Turkey levies anti-dumping duty on Vietnam gear belts

Turkey has imposed an anti-dumping duty on gear belts imported from Vietnam, the Vietnamese Competition Agency under the Ministry of Industry and Trade has said, citing the final conclusion of the Turkish Ministry of Economy.

gear belts

Turkey initiated an anti-dumping review on the said product in March 2012, and the duty rate has been set at $4.55 per kg, the agency said.

The Eurasian country imported 160 tons of gear belts from Vietnam last year, a fourfold increase over the previous year, according to figures from the Turkish economic ministry.

In related news, the European Commission has also released the preliminary results of its probe into the evasion of the anti-dumping tax on disposable lighters that were made in China but exported to the EU from Vietnam.

The EC ruled that the Chinese manufacturers who assembled the disposable lighters in Vietnam and shipped them to the EU did in fact evade anti-dumping taxes.

It also suggested imposing a duty of EUR0.065 per lighter, which is currently applied to Chinese lighters, to those exported via Vietnam.

The probe into Chinese disposable lighters was initiated in late June 2012, following a complaint lodged by Société BIC, a disposable pocket lighter manufacturer based in France. BIC sued China for evading the 6.5 percent anti-dumping taxes on their gas lighters.

Source Tuoi tre