HANOI: Vietnam said on Tuesday it plans to impose anti-dumping duties on raw sugar that originates in Thailand, claiming soaring imports are undermining its domestic sugar industry.
The Vietnamese Industry and Trade Ministry said a 33.88% levy would apply on Thai sugar, but a timeframe for when it will come into force has yet to be decided.
Vietnam removed import duties on sugar imported from Southeast Asian countries in 2020 in accordance with the commitments of the Asean Trade in Goods Agreement (ATIGA).
However, provisions allow Asean countries to impose import duties to protect the rights and interests of their domestic industries against anti-competitive behaviour.
Vietnam’s decision to…
