Vietnam Drops Antidumping Investigation Into High-Fructose Corn Syrup From China, South Korea
Vietnam's Ministry of Industry and Trade terminated an antidumping investigation into high-fructose corn syrup from China and South Korea after finding no correlation between the dumped products and harm to the domestic industry, the state-run Customs News said. Domestic HFCS…
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producers had petitioned for the probe, which found that HFCS from China and South Korea is being dumped in Vietnam and that the domestic industry has been suffering significant losses, the report said. Factoring in the country's legal regulations on trade defense and the World Trade Organization's anti-dumping agreement, MIT decided to terminate the investigation, but to coordinate with stakeholders to monitor HFCS imports and devise measures to protect interests of domestic producers.