The Ministry of Industry and Trade (MoIT) on May 31 issued Decision No 1931/QĐ-BCT on the application of official safeguards on colour-coated iron sheets.
A colour-coated iron sheets production line (Photo: tondonga.com.vn)
Hanoi (VNA) - The Ministry of Industry and Trade (MoIT) on May 31 issuedDecision No 1931/QĐ-BCT on the application of official safeguards oncolour-coated iron sheets.
Productssubject to these safeguard measures are imported from various countries andterritories and have trade codes: 210.7010. 7210.7090. 7212 4010. 7212.4020.7212 4090. 7225 9990. 7226.9919. 7226.9999.
Thisdecision will be effective within 15 days from the date of signing. The orderof procedures for application of safeguard measures should comply with the lawon safeguards in the import of foreign goods in Vietnam.
TheMoIT applies official safeguards through tariff quotas on importedcolour-coated iron in Vietnam within three years from the effective date of thedecision.
Inthe first year (from June 15, 2017 to June 14, 2018), the total import quota ofiron products with non-taxable codes was 380.68 thousand tonnes. In the secondyear, the import volume of products with non-taxable codes will amount to418.75 thousand tonnes and will increase to 460.62 tonnes in the third year.The tariff for products out of quota is 19 percent.
OnMarch 30, 2017, MoIT issued the Decision No 1105/QĐ-BCT on the application ofofficial anti-dumping measures for imported galvanised steel products (alsoknown as galvanised iron). Up to 26 HS codes originating from China (includingHong Kong) and Republic of Korea (case number AD02) were brought under thesemeasures.
Officialanti-dumping measures are applied in the form of additional import duties.-VNA
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A colour-coated iron sheets production line (Photo: tondonga.com.vn) 
