The Ministry of Development, Industry and Foreign Trade of Brazil (MDIC) has decided to sue Thailand, China, Taiwan and Vietnam for dumping motorbike tyres on its market.
The MDIC announced on June 25 that it will conduct investigations into tyre imports from the aforementioned countries over the period from July 2010 to June 2011.
The decision came after Brazil’s National Tyre Industry Association (ANIP) filed a lawsuit to the MDIC, accusing tyre manufacturers from Thailand, China, Taiwan and Vietnam of injuring domestic production.
According to the Vietnam Competition Authority, Thailand’s dumping margin of US$7,790/tonne (equivalent to 279.21 percent) will be used as the benchmark for the investigation.
This is Brazil’s third anti-dumping lawsuit against Vietnam this year, following those on fibre and flat-rolled stainless steel.
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