Mexico initiates anti-dumping investigation into Vietnamese cold-rolled steel
The Mexican Secretariat of Economy has announced an anti-dumping investigation into cold-rolled steel imported from Vietnam, according to the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) – The Mexican Secretariat ofEconomy has announced an anti-dumping investigation into cold-rolled steelimported from Vietnam, according to the Ministry of Industry and Trade (MoIT).
The investigated products are classified under HScodes 7209.16.01, 7209.17.01, 7209.18.01, 7209.26.01, 7209.27.01, 7209.28.01,7209.90.99, 7211.23.03, 7211.29.99, 7211.90.99, 7225.50.07, and 7226.92.06.
Statistics from theInternational Trade Centre (ITC) showed that Vietnam earned 220 million USDfrom exporting iron and steel, mostly those coded HS 7209 and 7210, to Mexicoin 2020, an increase of 70% compared to 2019. The export earnings of cold rolled steel which areunder investigation reached 50 million USD.
After officiallyinitiating the case, the Mexican investigation agency sent questionnaires torelevant businesses for responses before September 6, but the deadline may beextended. The agency is expected to issue a preliminary decision within 130 daysafter the initiation of the investigation.
The MoIT recommended that Vietnamese businessesreview the production and export of products involved in the investigation.They were also advised to fully cooperate with the Mexican investigation agencywhile coordinating with t⛎he ministry during the process for timely support♋./.
While local export products have been facing more anti-dumping investigations and tax evasion cases in foreign countries, Vietnamese enterprises are still unaware of the risk.
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Illustrative image. (Photo: VNA) 
