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

Kendall Sinclair

Kendall Sinclair

Oct 25, 2011 – Forestweb

LOS ANGELES , 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.

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