EAEU initiates anti-dumping investigation into Vietnamese truck tires

The Eurasian Economic Union (EAEU) recently initiated an anti-dumping investigation into truck tires imported from Vietnam and Thailand.

The investigation focuses on truck tires used for various vehicles such as freight cars, buses, electric vehicles, dump trucks, trailers, and semi-trailers. 

The investigation was prompted by a significant increase in imports from Thailand and Vietnam between 2022 and 2024, with volumes rising 2.6 times and their market share increasing 2.4 times.

During the same period, the ratio of imports from these countries compared to the EAEU's domestic production rose 2.8 times.

The complainants allege that the growth in imports, coupled with lower average import prices compared to domestic products (except in 2023), has negatively impacted the EAEU's internal production sector. 

The notification also highlights that the production of truck tires in Thailand and Vietnam is primarily for export, with their total production capacity far exceeding the EAEU market's consumption needs.

Furthermore, Vietnamese manufacturers plan to introduce new production capacities of up to 1.4 million products, significantly boosting their export potential. 

The alleged dumping margins are 24.17 per cent for truck tires imported from Thailand and 19.59 per cent for those from Vietnam. 

To respond to this trade defense measure, the Trade Remedies Authority of Vietnam, under the Ministry of Industry and Trade, recommends that associations notify accused manufacturers and exporters to promptly address and handle the case, urging them to participate to avoid being deemed uncooperative.

They should also identify the largest exporters during the investigation period (July 1, 2024 - June 30, 2025) to predict which companies might be selected as mandatory respondents.

Involved manufacturers and exporters need to quickly register as interested parties according to the guidelines, providing the aforementioned information (sampling procedure) within 25 days (no later than December 2, 2025) from the investigation's start date as required by the EAEU for sampling. Failure to respond within this timeframe will be considered non-cooperation and may result in unfavorable high duties.

The Trade Remedies Authority of Vietnam warns that any action indicating non-cooperation or incomplete cooperation may lead the EAEU investigation agency to use available data and impose the highest anti-dumping duties.