In particular, the VCA found that Vietnam’s subsidy margin, which is 1.25%, does not exceed the maximum allowed rate of 2% and therefore the subsidy investigation should be ended.
Earlier on December 19, 2013, the European Man-made Fibres Association lodged a complaint requesting the EU impose anti-subsidy duties on PSF exports from Vietnam.
The examination period was from October 1, 2012 to September 30, 2013. Accordingly, Vietnam’s preferential and incentive policies and programmes were thoroughly reviewed by the EU.
The MoIT effectively co-ordinated with relevant agencies and localities to respond fully and accurately to the questionnaire sent by the EU a VCA representative said, adding that after one year of looking into the matter the EU has quashed the complaint, finding it has no basis in fact.
This concludes the first EC’s anti-subsidy investigation into Vietnam’s PSF products and the results are of great significance and should establish good precedents in the event of any similar complaints in the future, the representative concluded.
