DN series pressure safeguard tax protest with billet: industry say?Deputy Minister of industry and Commerce Thang Hai said about many domestic steel enterprises expressed did not agree with the application of safeguard measures against imported steel goods because that tax increase will certainly make the price of steel products team up high.Previously, on December 25, 2015, the Ministry of industry and trade decision 14926/QD-BCT of the investigation imposed safeguard measures against steel and steel items imported to Vietnam long after receiving the petition of the four businesses including Hoa Phat Steel, steel Southern Thai Nguyen Steel, cast iron and Steel with the tax increase proposal up 45% to 33% and with steel billet importing long.According to the application of this enterprise, the amount of steel imported into Vietnam has increased very rapidly, from the 588,000 tonnes in 2014 to top 1.5 million tons in 2015.However, after the industry has to decide tax pressure on himself, a series of enterprises in the industry have signed in a petition sent to the Prime Minister, the Industry, the Finance Ministry recommended not to apply safeguard measures against steel goods. This business given that the application of such safeguard measures will cause negative effects to the development of the steel industry.15/2, reply to this issue, the Deputy Minister of industry and Commerce Thang Hai said, in any case the investigation and application of trade defence measures in the world (including anti-dumping, anti-subsidy and safeguard) as well as in Vietnam would lead to a conflict of interests between the parties.In which the side benefit is that domestic manufacturers and upstream industries, and the party suffered damages are importers and consumers or downstream industries. That is why all countries consider the common economic and social interests when deciding to adopt a trade defence measures in General and protection in particular.Industrial and commercial industry leaders also said that the law on investigation and application of safeguard measures by both the WTO and Vietnam are already full, transparent and strict regulations the conditions, processes to be able to apply these measures. Accordingly, when the domestic producers filing complete, valid, proving to be the signs of sudden increase in imports leads to damage to the domestic industry, the Industry is accepting resumes and the decision to conduct the investigation.Currently the case is still in the process of investigation and Industry insisted all processes, the investigation procedures are conducted openly, Bach and his true compliance with the WTO rules as well as the law of Vietnam."The Industry always recorded all comments comments, recommendations of the stakeholders and create opportunities for the stakeholders presented their views of the incident. Therefore, comments objected to the application of safeguard measures with a Billet of 6 businesses in the country have been Industry recorded and will be shown in the content of the conclusions of the investigation, "Deputy Minister of industry and Commerce Thang Hai said.
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