Philippine's Dept. of Trade to conduct review on Vietnamese imported testliner; Vietnam says current 4% tariff rate could fall to zero if review finds no negative impact to Philippines' testliner sector
October 25, 2011
The Philippines’ Dept. of Trade announced plans to review testliner imports from Vietnam between June 2010 and June 2011 to potentially adjust the current 4% tariff rate, reported the Tuoitrenews on Oct. 17.
Vietnam’s Ministry of Industry and Trade’s Competition Management Agency said if the 4% tariff would be reduced to zero if the review showed the import no longer had a negative effect on the local testliner market.
The Philippine’s Dept. of Trade initiated the tariff after a 2010 review, when Vietnamese testliner was concluded to exceed the 3% market share limit to reach 4.9% of the Philippines’ testliner market share in the first half of 2010. In the 2004-2008 period, the Vietnamese market share for testliner fell below 1%.
The primary source of this article is the Tuoitrenews, Ho Chi Minh City, Vietnam, on Oct. 17, 2011.