Extending safeguard measures for steel billet and steel bars imported to Viet Nam until March 21, 2023

On August 22, 2019, the Ministry of Industry and Trade issued Decision No. 2605 / QD-BCT on the final review of safeguard measures on imported steel and long steel products.

March 16, 2020, Investigation Agency has completed the conclusion of the final review of safeguard measures for steel billet and steel bars

On March 20, 2020, the Ministry of Industry and Trade issued Decision No. 918 / QD-BCT extending the application of safeguard measures to steel billet and steel bars with HS code: 7207.11.00; 7207.19.00; 7207.20.29; 7207.20.99; 7224.90.00; 7213.10.10; 7213.10.90; 7213.91.20; 7214.20.31; 7214.20.41; 7227.90.00; 7228.30.10; 9811.00.00 is imported into Vietnam with the following specific tax rates:

Period Steel billet Steel bars
From March 22, 2020 to March 21, 2021 15,3% 9,4%
From March 22, 2021 to March 21, 2022 13,3% 7,9%
From March 22, 2022 to March 21, 2023 11,3% 6,4%
From 3/22/2023 onwards 0% (if the ministry does not renew the measure) 0% (if the ministry does not renew the measure)

Countries and territories exempted from the safeguard duties are mentioned at appendix of Decision No. 918 / QD-BCT of March 20, 2020. The details are below:

Appendix

(Attached to the Notice attached to the Minister of Industry and Trade’s Decision No. 918 / QD-BCT of March 20, 2020)

LIST OF DEVELOPING COUNTRIES / TERRITORIES EXEMPTION FROM APPLICATION OF SAFEGUARD MEASURES

1. Sub Saharan Africa – Africa

Angola Madagascar Nigeria
Benin Malawi Rwanda
Botswana Mali Sao Tome and Principe
Burkina Faso Mauritania Senegal
Burundi Mauritius Siena Leone
Cabo Verde Mozambique Somalia
Cameroon Namibia South Africa
Central African Republic Niger South Sudan
Chad Gabon Sudan
Comoros Gambia, The Swaziland
Congo, Dem. Rep. Ghana Tanzania
Congo, Rep. Guinea Togo
Cote d’Ivoire Guinea-Bissau Uganda
Eritrea Kenya Zambia
Ethiopia Lesotho Zimbabwe
  Liberia  

2. Asia Pacific

American Samoa Myanmar
Cambodia Palau
Fiji Papua New Guinea
Kiribati Philippines
Korea, Dem. Rep. Samoa
Lao PDR Solomon Islands
Marshall Islands Timor-Leste
Micronesia, Fed. Sts. Tonga
Mongolia Tuvalu
  Vanuatu

3. Europe and Central Asia

Albania Macedonia, FYR
Armenia Moldova
Azerbaijan Montenegro
Belarus Romania
Bosnia and Herzegovina Serbia
Bulgaria Tajikistan
Georgia Turkey
Kazakhstan* Turkmenistan
Kosovo Ukraine
Kyrgyz Republic Uzbekistan

4. Latin America and the Caribbean

Belize Guyana
Bolivia Haiti
Brazil Honduras
Colombia Jamaica
Costa Rica Mexico
Cuba Nicaragua
Dominica Panama
Dominican Republic Paraguay
Ecuador Peru
El Salvador St. Lucia
Grenada St. Vincent and the Grenadines
Guatemala Suriname

5. Middle East and North Africa

Algeria Libya
Djibouti Morocco
Egypt, Arab Rep. Syrian Arab Republic
Iran, Islamic Rep. Tunisia
Iraq West Bank and Gaza
Jordan Yemen, Rep.
Lebanon  

6. South Asia

Afghanistan Maldives
Bangladesh Nepal
Bhutan Pakistan
India Sri Lanka

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