Duties on Vietnam stainless steel fastener exports scrapped by EU – Vietnam Financial News Network

The European Union (EU) agreed to stop implementing the 7.7 percent anti-dumping duty on stainless steel fasteners and parts imported from Vietnam beginning November 20. The move benefited Vietnamese manufacturers since tariffs for the same products have not been lifted on their market competitors that included China, Taiwan, Thailand, and Indonesia. Stainless steel fasteners and parts with origin from Vietnam were slapped with the tariff by the EU after a complaint was filed by European Industrial Fasteners Institute (EIFI) in 2005. Read full story here.

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Tags: Vietnam, EU, steel fasteners, tariff, duties, trade, exports, anti-dumping