The Thai Commerce Ministry has begun an investigation into allegations of dumping by Chinese and Vietnamese firms, which local manufacturers claim is disrupting their market due to unfair pricing. Concerns are particularly directed at moulded aluminium products from China and cold-rolled stainless steel imports from Vietnam. The Ministry is evaluating these claims to determine if anti-dumping duties may be warranted to protect local industries.

The Thai Ministry of Commerce has initiated an investigation following complaints from domestic manufacturers alleging that certain imports from China and Vietnam are being sold at unfairly low prices, an issue commonly described as “dumping.” Local manufacturers have raised specific concerns about Chinese firms offering moulded aluminium products in Thailand at prices that appear below their production costs, thereby undermining fair competition within the market. Furthermore, Thai manufacturers have noted the adverse effects on their operations due to an influx of cheap cold-rolled stainless steel imports from Vietnam, which they assert has led to decreased sales, diminished production capacity, and a loss of market share. The Ministry has committed to a comprehensive investigation to ascertain whether these imports indeed qualify as dumping and assess the extent of any potential damage inflicted upon local industries. Should the allegations prove valid, the Ministry may consider the imposition of anti-dumping duties on the concerned products. Thailand has a history of implementing such measures, including recently expiring anti-dumping duties on inner tubes from China, which has raised apprehensions about possible recurrences of dumping practices. The Ministry of Commerce is vigilantly observing the developments and may decide to prolong protective measures to support local industries and foster equitable market conditions.

The investigation launched by the Thai Ministry of Commerce stems from serious allegations made by domestic manufacturers regarding unfair trade practices facilitated by foreign competitors. These practices include selling products below the cost of production, a strategy intended to capture market share at the expense of local producers. Particularly, the focus is on moulded aluminium products imported from China and cold-rolled stainless steel from Vietnam. The rise in these imports is perceived as a direct threat to the viability of local manufacturing operations, prompting the Ministry to examine the need for regulatory interventions, including potential anti-dumping duties. Such actions reflect the ongoing tensions within the global trading framework where local industries seek to safeguard their economic interests against unfair trade practices.

In summary, the Thai Ministry of Commerce’s initiation of an investigation against alleged dumping practices by Chinese and Vietnamese companies underscores the heightened concerns of local manufacturers regarding unfair competition. The examination aims to determine the impact of these imports on domestic industries and may lead to the introduction of anti-dumping measures if necessary. This situation highlights the importance of ensuring a balanced trade environment that supports local businesses while addressing global trade dynamics.

Original Source: asianews.network

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