Vietnamese honey exported to the United States faces high anti-dumping duty, affecting Vietnamese beekeepers and the raw honey-related food processing industry in some US states.
HANOI, VIETNAM – Media OutReach – April 4, 2022 – On November 17, 2021, the DOC announced a preliminary finding that Vietnamese honey was being dumped into the United States at a margin of between 410.93 and 413.99% (Buon Me Thuot Honey JSC – 413.99 percent, Dak Lak Honey JSC – 410.93 percent) and imposed a respective temporary tax while the dumping margin of the remaining four countries, Argentina , Brazil, India and Ukraine, was 6.24 to 49.44 percent.
The livelihoods of 35,000 Vietnamese beekeepers are affected by the DOC’s decision to impose anti-dumping duties.
On January 3, 2022, the DOC announced that it would impose a retroactive tax on shipments of honey imported from Viet Nam beginning on August 25, 2021. The finding is expected to be finalized by the DOC in April 2022.
Because the United States has not recognized Viet Nam as a market economy, the DOC uses costs in India as the basis for comparison with Viet Nam’s export prices instead of data provided by Vietnamese companies.
The DOC used the weighted average price of imported inputs into India, including finished honey from New Zealand, Australia (three times higher than the purchase price of raw honey in Viet Nam) and barrels of honey (eight times higher than the actual purchase price in Viet Nam). name). This does not accurately reflect the reality of honey production in Viet Nam and is the main reason for the high dumping margin of Vietnamese companies.
The preliminary finding negatively impacted exporters and the lives of 35,000 Vietnamese beekeepers, mostly in poor economic areas facing difficulties during the pandemic, affecting the ecological balance and crop productivity in the locality.
On the other hand, US honey producers meet only 25% of domestic demand and cannot supply the US market with the amount of raw honey needed for food processing.
Therefore, applying too high anti-dumping duties to Vietnamese honey will cause damage to the food industry and directly affect the interests of US honey consumers.
In the context of supply chains affected by the pandemic and rising gasoline prices, a stable supply of honey from Viet Nam would help stabilize food prices by using raw honey for consumers and ensure the employment of workers in the agri-food industry in certain American states such as Indiana, benefiting the bilateral trade of the two countries.