On June 29,2020, the Vietnamese Anti-dumping Investigation Bureau of the Ministry of Commerce and Industry issued an anti-dumping investigation against high fructose corn syrup from China and South Korea, which involved Cargill Food Technology (Pinghu) Co., LTD.
After receiving the case information, the Pinghu Bureau of Commerce immediately notified the enterprise, understand and follow up the situation involved in the case and the appeal of the enterprise, guided the enterprises to do a good job in the anti-dumping case of Vietnam high fructose corn syrup, and encourage and help the enterprises to actively respond to the lawsuit.
Through the joint efforts of both sides, on October 20,2021, the Ministry of Industry and Trade of Vietnam issued a final anti-dumping negative ruling on high-fructose corn syrup from China and South Korea, and decided to terminate the anti-dumping investigation in this case without taking anti-dumping measures.
It took more than a year and finally won the final ruling of the case. This lawsuit is the first zero-tariff winning case in the city to deal with the trade friction case, which plays a good incentive role for the import and export enterprises in our city to actively deal with the trade friction.
Nearly two years, in the face of severe complex trade situation and sudden outbreak of the global pandemic, international trade competition increasingly fierce, increasing uncertainty, trade friction and disputes, pinghu import and export trade in maintaining the overall healthy stable development at the same time, the case investigation and investigations also increased significantly.
In the past two years, the city has involved a total of 6 anti-dumping and anti-subsidy cases, involving 16 enterprises. After investigation and guidance, 5 enterprises have participated in the response, involving hardware, food, fasteners and mechanical and electrical industries. The response rate has been significantly improved, and the market protection effect has been achieved to some extent.
Such as the United States metal locker and parts products anti-dumping case, ruled as a dumping case, through active response, the city Chen da storage and Rex two enterprises were determined to add 10.An average tax rate of 71% is required, while non responding enterprises are subject to an additional 311% tax rate.71% dumping tax.
Next, the Pinghu Municipal Bureau of Commerce will continue to support enterprises in the city to actively respond to foreign trade investigations. One is to further improve the institutional mechanisms. Strengthen the normalized response mechanism and leadership institutions, improve multi departmental coordination, leverage the advantages of tripartite linkage between government departments, industry associations, and enterprises, and build a linkage mechanism with smooth information, timely feedback, and effective measures. The second is to further strengthen policy guarantees. Timely revise and improve support policies, promote the construction of multi-level linkage expert databases, legal teams, and consulting groups, build a better development environment, and safeguard the legitimate interests of enterprises. The third is to refine precise services, coordinate the use of various early warning and monitoring systems, carry out special activities for the Legal Service Month, and establish systems and platforms such as the Zhejiang Foreign Economic and Trade Legal Aid Call Center to strengthen information interaction and early warning analysis, and do a good job in preventing trade risks.
Through a series of measures such as early warning analysis, expert training, response guidance, and policy support, we help our city’s enterprises proactively avoid risks, actively participate in response, and promote zero or lower tax rates that have won or become competitive in case response, consolidating and expanding international market share.
(Supplied by Pinghu Municipal Bureau of Commerce)