The U.S. Department of Commerce on 7 August 2018 announced that Vietnamese exporters received countervailable subsidies of 3.24% to 6.15%, and that because of this, U.S. Customs and Border Protection (CBP) has been directed to collect cash deposits from the importers of Vietnamese laminated woven sacks, based on these percentages.
Total U.S. imports of Vietnamese laminated woven sacks in 2017 were valued at $21.2 million. The petitioners in the countervailing duty investigation included a coalition and U.S. companies located in Texas and Ohio.
According to a Commerce Department release, Commerce is scheduled to release its final countervailing duty investigation determination around 17 December 2018. Currently, there are 456 antidumping and countervailing duty orders from the Department of Commerce.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
John L. McLoughlin
Luis (Lou) Abad
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