US initiates administrative review of oil pipeline products from Vietnam

On November 21, DOC is expected to select businesses as mandatory defendants in the case based on export volume from high to low according to data from the US Customs and Border Protection.

Photo for illustration purposes only. (Source: VNA)

On October 22, a representative of the Department of Trade Remedies ( Ministry of Industry and Trade ) informed that on October 17, the US Department of Commerce (DOC) posted a notice initiating an administrative review of the anti-dumping duty order on oil country tubular goods (OCTG) from Vietnam. The review period is from September 1, 2023 to August 31, 2024. The review list is expected to include a number of enterprises exporting oil country tubular goods to the United States. Any enterprise on this list that does not export oil country tubular goods to the United States during the review period must notify DOC within 30 days from the date of posting the notice initiating the review (expected to be until November 16, 2024) if any shipment is suspended for consideration and handling. According to the regulations, within 35 days from the date of publication of the notice of initiation (expected on November 21, 2024), DOC plans to select enterprises as mandatory respondents in the case based on the enterprises' export volume from high to low according to data from the US Customs and Border Protection (CBP). In addition, within 90 days from the date of publication of the notice of initiation of review, the parties can withdraw their request for review (expected on January 15, 2025).

Except for some Taiwanese (Chinese), Indian and Korean companies, the anti-dumping duty that Canada applies to all oil pipe exporters, including Vietnam, is 37.4%.

In addition, for countries that the United States considers to be non-market economies such as Vietnam, in order to enjoy separate tax rates, enterprises must apply for separate tax rates within 30 days from the date of publication of the notice of initiation of the review (expected on November 16, 2024). In case the enterprise does not apply for separate tax rates and is not selected as a mandatory defendant, the enterprise will be subject to the national tax rate. DOC plans to issue the review conclusion no later than September 30, 2025. To ensure the legitimate rights of enterprises, the Trade Remedies Authority recommends that enterprises producing/exporting related products continue to update the developments of the case; properly and fully comply with the requirements of the US investigation agency, and closely coordinate with the Trade Remedies Authority throughout the process of the case.

Vietnamplus.vn

Source: https://www.vietnamplus.vn/hoa-ky-khoi-xuong-ra-soat-hanh-chinh-san-pham-ong-thep-dan-dau-tu-viet-nam-post986633.vnp