Taipei: The Ministry of Finance's Customs Administration announced on Tuesday that Taiwan will implement a five-year anti-dumping duty on Portland cement and clinker imports from Vietnam starting July 28.

According to Focus Taiwan, the decision affects several Vietnamese companies with varying tariff rates. Cement products from Long Son Company Limited and its affiliate will face a 13.59 percent tariff, while Thang Long Cement Joint Stock Company will be taxed at 19.25 percent. Other companies, including Vissai Ninh Binh, Xuan Thanh, and Vicem Ha Tien Cement Joint Stock Companies, are subject to a 14.82 percent rate. All other Vietnamese manufacturers and exporters will incur a 23.2 percent duty.

The Ministry of Finance and the Ministry of Economic Affairs finalized the decision, attributing it to findings of dumping practices by the Vietnamese companies, which have reportedly harmed local Taiwanese producers. Additionally, the Ministry of Economic Affairs determined that the duties would not significantly impact Vietnam's overall economic benefits.

Taiwanese importers must provide documentation identifying the exporter or manufacturer to qualify for individual duty rates; otherwise, the maximum specified rate will be applied. The anti-dumping investigation began in August 2024, initiated by the Taiwan Cement Industry Association due to concerns about dumping and its impact on the domestic industry.

Meanwhile, the Customs Administration indicated that the suspension of anti-dumping duties on carbon steel plates from Ukraine will continue. This policy, initially implemented on August 29, 2023, will remain effective until September 13, 2026, considering the economic interests of Ukraine. Originally, anti-dumping duties were applied to imports from Brazil, China, India, Indonesia, South Korea, and Ukraine starting September 14, 2022.