VN tire exports inspected in Brazil for dumping
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Motorbike tires imported from Vietnam have come under scrutiny for anti-dumping prices in Brazil, following a lawsuit filed by the country’s Ministry of Development, Industry, and External Commerce (MDIC).
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Manufacturers from Thailand, China, and Taiwan are also subject to the inspection, the Competition Management Agency under the Vietnamese Ministry of Industry and Trade has said.
MDIC announced on June 25 that it will conduct investigations into tire shipments from the above countries over the period of July 2010 to June 2011, after receiving the lawsuit petition from Brazil's National Tire Industry Association (ANIP).
The disputed commodity is a motorbike tire coded HS 4011.40.00, which ANIP said was imported into Brazil with a dumping margin of 280 percent, or $7,790 a ton.
Thailand was chosen as the country to provide the reference price for the Brazilian side to calculate the dumping margins. MDIC compared the aforementioned exporters' prices with the reference prices from Thailand.
It will also calculate the damages the foreign exporters allegedly caused to Brazil’s domestic market in the period between July 2007 and June 2011.
This is the third time Brazil has sued Vietnam for an anti-dumping lawsuit, following those on fiber and stainless steel in September and October of last year.