Vietnam’s “Investment Online” reported on May 24 that the Trade Protection Bureau of the Ministry of Industry and Trade of Vietnam recently received news that the Turkish Ministry of Trade has received reports on products originating from or imported from Vietnam. Anti-dumping complaints on fully stretched yarn products. The product accused of dumping is polyester flat yarn with HS code 5402.47.
According to statistics from the International Trade Center (ITC) and information from the Economic and Commercial Office of the Embassy of Vietnam in Turkey, Vietnam’s polyester flat yarn export value to Turkey has been A trend of rapid growth year by year.
The export value in 2018 was approximately US$1.69 million, in 2019 it was approximately US$4.65 million, and then increased significantly in 2020, with the export value reaching US$11 million.
Turkey has implemented and is imposing trade protection tariffs on many yarn products from Vietnam, which has reduced the export volume of Vietnam’s yarn industry to this market.
Vitas believes that due to the adverse effects of anti-circumvention duties on POY yarns and anti-dumping duties on polyester elastic yarns and man-made fibers, Vietnam has exported goods to Turkey in recent years. yarn exports dropped sharply. Türkiye is the market that adopts the most trade protection measures against Vietnam.
The Vietnam Trade Protection Bureau recommends that the Vietnam Cotton Yarn Association and related manufacturing and export enterprises immediately contact and coordinate with Turkish investigation agencies, proactively collect information and formulate response plans.
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