Waiver on tin and tinplate import taxes extended
The Commerce Ministry has waived anti-dumping (AD) import tax on tinplate and tin-free steel for another six months until November, a source familiar with the matter said.
This is the fourth successive six-month duty exemption for tinplate and tin-free steel from China, South Korea, Taiwan, and the European Union, which ended on May 12.
The AD duty on both products was implemented in November 2021 after a ministry investigation found that manufacturers from the four territories were deploying a market dumping strategy. It then imposed a five-year AD tax from November 2021 to November 2026. However, the ministry approved the six-month exemptions to prevent impacts on Thailand’s consumers.
Thai Chamber of Commerce vice president Wisit Limleucha explained that without the exemption, Thai canned product manufacturers would suffer higher material costs resulting in price hikes for their products, which would affect consumers and weaken their export competitiveness.
Thailand can produce tinplate and tin-free steel at only half of the domestic demand, he pointed out.
If the ministry decides not to extend the exemption after November, Chinese tinplate will face import duty of up to 24.73%, South Korea 17.06%, Taiwan 20.45%, and the EU 18.52%.
