REPORTS

Reuters - Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country's industry and trade ministry said on Wednesday. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. The probe showed that subsidised sugar shipments from Thailand surged 330.4% to 1.3 million tonnes in 2020 and the imports were undermining the domestic sugar industry, the ministry said in a statement. Previously the industry ministry imposed a temporary 33.88% levy on Thai sugar in February. Sansern Samalapa, Thailand's vice commerce minister, said the Thai embassy in Vietnam would respond by filing an objection and ask Vietnam to open another investigation to review the measures again next year. "We'll ask Vietnam to review this again next year and open a new investigation ...to confirm that we didn't dump in the market and to ask them to decrease the tax,".