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.