SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
------------- ------------- O0o 01 May 11 2016 COMMENTS MOTION EMERGENCY EQUIPMENT (On the application for review investigation apply safeguard measures against goods billet under Decision No. 14 296 / QD-BCT dated 12/25/2015 of the Minister of Industry and Trade may impact negatively on the development of the steel industry) To: - Prime Minister - Deputy Prime Minister Hoang Trung Hai - Minister of Industry and Trade - Minister of Finance - Chairman of the Vietnam Steel Association - Association President Real Estate Vietnam - Chairman of the Vietnam Standards and BVNTD - Director General of the Competition Management We named below are some enterprises producing construction steel in Vietnam. First of all, we would like to send His next quarter respectful greetings! Dear God, we ask Him urge you to consider a problem is likely to cause serious negative effects on the development of Vietnam's steel industry and implications impact on the economic life of society, the interests of consumers as well as national interests caused many steel enterprises concerned, urgent, as follows: On 25.12.2015, the Minister Industry and Trade issued Decision No. 14 296 / QD-BCT v / v: investigating apply safeguard measures on steel billet and steel products imported into Vietnam long after receiving the proposals of 04 group companies including : the Hoa Phat Steel Joint Stock Company (Hoa Phat Steel), the Southern Steel Company Limited, a joint stock company Taiyuan Iron and Steel and Vietnam Steel Corporation of Italy (hereinafter call as "The proposal") according to which the tax rate increases to 45% to 33% with billet and long products imported into Vietnam. Also, the proposal before a formal decision to apply safeguard measures, the temporary tariff application as above in 200 days. Safeguards (Safeguard) is the temporary import restrictions for one or several commodity when they increased imports cause or threaten to cause serious injury to the domestic industry. Each member country World Trade Organization (WTO) has the right to apply safeguard measures, but when applied, they must ensure compliance with the provisions of the WTO (the conditions, procedures, methods applied measure yourself
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