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EU OLAF finds that Chinese steel was sent via Vietnam to evade tariffs-2018 China(Guangzhou)Int’l Metal &
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Reuters reported that The European Union’s anti-fraud office (OLAF) said it has found Chinese steel was shipped through Vietnam to evade the bloc’s tariffs. OLAF told Reuters roughly EUR 8.2 million of anti-dumping duties were evaded when organic coated steel from China was shipped through Vietnam and given Vietnamese certificates of origin.
Financial recommendations were sent to the customs authorities of Belgium, Greece, Slovenia, Italy, Poland, Portugal, Lithuania, Romania and Sweden for the recovery of roughly EUR 8.2 million of antidumping and countervailing duties.
The amount involved is small and the case was concluded at the end of 2016, but market participants say Vietnam remains a hub not for fraud, but for Chinese trade tariff circumvention involving large tonnages of steel.
The EU imposed provisional duties on Chinese corrosion-resistant steel in August this year. In the EU, Chinese imports of corrosion-resistant steel, which nearly doubled last year, steadied in the year to August just as imports from Vietnam surged from historically negligible levels.
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