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Substantial transformation of hot-rolled steel to make CORE and cold-rolled steel ¨C Vietnam- The 19th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
12/12/2017 Sheetmetal machinery, Forging, Stamping expo |
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Vietnam Plus reported that Vietnam argued that according to the World Trade Organisation (WTO)¡¯s rules of origin, the country to be determined as the origin of a goods is either the country where the goods has been wholly obtained or the country where the last substantial transformation was carried out. According to Vietnam, international practices and the US¡¯s rules showed that there is a substantial transformation after hot-rolled steel is processed to make CORE and cold-rolled steel. Therefore, CORE and cold-rolled steel produced in Vietnam using hot-rolled steel from a third country has Vietnamese origin.
US Department of Commerce slapped heavy import duties on some steel products from Vietnam after it decided they originated in China, violating the US¡¯s anti-dumping and anti-subsidy orders. The department on December 5 announced preliminary affirmative rulings that corrosion-resistant steel and some cold-rolled steel products imported from Vietnam were produced from substrate originating in China. This circumvented existing anti-dumping and countervailing duty (AD/CVD) orders on CORE and cold-rolled steel from China.
In 2016, the US imposed the AD rate of 199.43% and CVD rate of 39.05% on imports of CORE from China while AD and CVD rates of imports of China¡¯s cold-rolled steel were set at 265.79% and 256.44% respectively.
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The 19th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
-Sheet metal exhibition, Sheet metal expo,
2018 Sheet metal exhibition, 2018 Sheet metal expo, China Sheet metal
exhibition, China Sheet metal expo, Forging exhibition, Forging expo, 2018
Forging exhibition, 2018 Forging expo, Stamping exhibition, Stamping expo
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