|27 Nov 2012||Initiation|
ANNOUNCED AS TEMPORARYNo
On November 27th, 2012, the Thai authorities decided to initiate a safeguard investigation on imports of hot-rolled steel flat products (with certain amounts of alloying elements such as boron, chromium, etc.), in coils and not in coils, with or without patterns in relief, of a thickness of 0.9 to 50.0 mm and a width of 100 to 3,048 mm. Hot-rolled steel flat products used in cold rolling process, hardening process and the automobile industry are excluded from the scope of this investigation.
The products subject to investigation are classified under the following HS codes: 7225.3090, 7225.4090, 7226.9110 and 7226.9190.
This follows the application lodged by the companies Sahaviriya Steel Industries Public Company Limited, G Steel Public Company Limited, G J Steel Public Company Limited and Sahaviriya Plate Mill Public Company Limited.
According to the UN Comtrade Database, in 2011 the following countries exported goods classified under HS code subheadings 7225.30, 7225.40 and 7226.91 to Thailand with a trade value over the GTA threshold of USD 1 million: Japan, China, South Korea, Australia, India, Sweden, Germany, Belgium, Vietnam, Austria, Malaysia, France, Finland, Chinese Taipei and Singapore.
On February 7th, 2013, the Thai authorities notified to the WTO their intention to impose a provisional safeguard duty. This provisional duty entered into force on February 27th, 2013 for a period not exceeding 200 days. The rate of the duty is 33.11% of the CIF price.
On September 25th, 2013, the Thai authorities notified to the WTO their decision to impose a definitive safeguard duty on imports of hot-rolled steel flat products. This measure is applicable for a period of three years starting from the date of imposition of the provisional measure, i.e. February 27th, 2013. The rate of the duty is 44.20% of the CIF price from September 15th, 2013 up to February 26th, 2014, 43.57% of the CIF price during the second year and 42.95% of the CIF price during the third and last year.
Even if identified as potential affected trading partners according to the GTA methodology, as developing countries Vietnam, Malaysia and Chinese Taipei are not subject to the measure.
On July 17th, 2015, the Thai authorities initiated a review of the above-mentioned safeguard measure.
On 4 March 2016, the Thai authorities notified to the WTO their decision to extend the definitive safeguard duty on imports of hot-rolled steel flat products. This measure is applicable for a period of three years starting from the date of imposition of the provisional measure, i.e. 27 February 2016 (expected).
The rate of the duty is 41.67% of the CIF price from 27 February 2016 for one year, 40.42% of the CIF price from 27 February 2017 for one year and 39.21% of the CIF price from 27 February 2018 for one year.
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