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Vietnma ministry of industry and trade is planning to take trade protection measures against cheap and&nb
sp;sub-standard steel products imported -The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
12/21/2016 steel expo-metal &metallurgy expo |
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Vietnam News reported that Vietnma ministry of industry and trade is planning to take trade protection measures against cheap and sub-standard steel products imported from abroad, in line with international trade rules.
In the draft planning of steel production to 2025, with a vision to 2035, which has been circulated for opinions, the ministry said it would build technical barriers to prevent the import of steel products the origins of which are not regulated in international commitments that Vi?t Nam has signed.
The planning’s purpose is to promote the sustainable development of the steel sector, ensure environmental protection and help protect Vietnamese steel makers from unfair competition.
According to Nguy?n V?n S?a, deputy chairman of the Vi?t Nam Steel Association, steel imports, especially cheap steel products from China, are still flooding the Vietnamese market, mostly in the forms of scrap steel or semi-finished products.
As of October, Vi?t Nam imported 15.8 million tonnes of steel and iron, worth USD 6.62 billion, of which Chinese steel and iron accounted for 60%.
Mr S?a said cheap Chinese steel was a threat not only to Vietnamese steel producers but also those in ASEAN countries and the world.
To prevent Chinese steel exporters from taking advantages of the loophole in Vietnamese laws to evade taxes, authorities must set clear standards of steel import products.
He gave an example that by adding a few other metal elements, Chinese makers can easily turn pure steel into alloy steel to enjoy 0 per cent import tax.
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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