Vietnam's HDPE pellets exported to the Philippines are not subject to safeguard duty (07/04/2022)
On June 27, 2022, the Tariff Commission (TC) of the Philippines issued its final conclusion in the investigation of the application of a global safeguard measure against High-Density plastics. Polyethylene – HDPE) (with AHTN code 3901.20.00) imported from many countries, including Vietnam.
Accordingly, TC proposed the Philippine Ministry of Industry and Trade to apply a safeguard tax rate of 2% within 3 years for this item to prevent the risk of imported HDPE plastic particles causing serious damage to the industry. Domestic production. However, this tax rate will not apply to HDPE resin imported from Vietnam because Vietnam is on the list of developing countries with an import volume of less than 3%. It is expected that in the next 2 weeks, the Philippine Ministry of Industry and Trade will have an official decision on this issue.
Previously, on June 3, 2022, the Philippine Ministry of Industry and Trade also decided not to apply a safeguard tax on Linear Low-Density Polyethylene (LLDPE) due to the absence of an increase. imports (both in absolute and relative terms) during the investigation period.
For more information about the case, please contact: Foreign Trade Remedies Handling Department, Trade Remedies Administration, Ministry of Industry and Trade, 23 Ngo Quyen, Hoan Kiem, Hanoi (Expert in charge: Nguyen Hoang Kien, mobile: 0946.126.969, email: kiennh@moit.gov.vn; ducpg@moit.gov.vn)./.
Download related documents here.
Source: Trade Remedies Bureau
