Brazil inspects Vietnam’s fibers for dumping

Brazil has officially started inspecting synthetic fibers imported from Vietnam for possible dumping after receiving complaints from three Brazilian companies, the Competition Management Department under the Vietnamese Ministry of Industry and Trade said on Wednesday.

The department said all fibers imported between April 2010 and Match 2011 would be inspected after Vicunha Têxtil S/A, Jofegê Fiação e Tecelagem Ltda and Fiação Alpina Ltda accused Vietnamese producers of dumping.

At present, Brazil imposes an 18 per cent tariff on Vietnamese fiber imports.

In 2008 Brazil added Vietnam and China to the list of countries subject to anti-dumping inspection on leather footwear imports.

But the Brazilian Association of Footwear Industries later demanded Vietnam to be exempted because leather shoe imports from Vietnam hadn’t reached a level to warrant anti-dumping inspection.

On April 6 this year, Brazil decided to impose an anti-dumping tariff of $4.1 per kg on synthetic fibers imported from China for the next five years.

Along with Vietnam, synthetic fibers imported from Turkey are also subject to inspection this time.

September 16, 2011

Source: Vietnambusiness.asia