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No evidence of anti-dumping on Vietnamese textile and apparel imports
The Department of Commerce (DOC) has not found evidence of Vietnam dumping textile and apparel products in the United States and thus no anti-dumping investigation is being initiated.
DOC is observing five sensitive product categories in its Textile and Apparel Products From Vietnam Monitoring Program – trousers, shirts, sweaters, underwear and swimwear. Of the 486 total 10-digit tariff lines examined for these five groups, 317 had no imports from Vietnam and many of the rest had rising unit values.
The department then compared trends in unit values and import levels to other suppliers of these products to the United States, including India, Pakistan, Bangladesh, Thailand and Indonesia. Based on the comparison and after a “fair and objective analysis,” the department was able to conclude Vietnam was not dumping its goods in the United States market. The DOC will initiate another review of the import data next March and could decide to launch anti-dumping proceedings at that point if warranted.
Because of the high-risk nature of textiles, U.S. Customs and Border Protection (CBP) may require varying bond amounts on textiles even though there are no special regulations. Avalon has seen instances where CBP requires continuous bonds for 2 percent of the annual values imported plus any anti-dumping duties. Textile shipments are also primary targets for anti-dumping investigations. For any bond securing AD/CVD duties, please remember to contact your Avalon office for prior approval and provide the following details:
- a signed bond application/indemnity
- audited financial statements
- collateral, in whole or in part, will be required because of the
high risk nature of AD/CVD bonds
In some cases, CBP is also requiring a large continuous bond to secure AD/CVD entries and such continuous bonds must also be approved by Avalon with similar requirements.
Avalon is a market leader with a 35 percent share of the Customs bond market. Our Customs surety program is underwritten by our sister company, Lincoln General Insurance Company. Avalon and Lincoln are both wholly-owned subsidiaries of Kingsway Financial Services, publicly traded on the NYSE under ticker symbol KFS, so you can be assured of our financial stability and dedication to your industry.
For further information, contact Mark Graf, Surety Manager or Andriana Davis, Product Manager at Avalon's corporate headquarters. Mark Graf can be reached by phone at (847) 700-8071 or at
mgraf@avalonrisk.com. Andriana Davis can be reached at
(847) 700-8087 or at
adavis@avalonrisk.com. Please do not hesitate to contact one of our nine regional offices throughout the United States. To view a directory of Avalon’s office locations, please visit our Web site at
www.avalonrisk.com.
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