16:37 | 09/09/2015 Trade
The Ministry of Industry and Trade (MoIT) will carry out inspections on imported monosodium glutamate (MSG) after Taiwanese company Vedan proposed a safeguarding duty on the seasoning powder, according to the Lao Dong (Labour) newspaper.
In June 2015, the MoIT’s Vietnam Competition Authority (VCA) received a full petition from Vedan for a self-defence measure against MSG imports with the trade code 2922.42.20, said VCA Deputy Director General Nguyen Phuong Nam.
Vedan’s move is supported by Ajinomoto, according to Nam.
Vedan said that the MSG imports have caused drastic losses to the company, including a decline in production, a surge in inventories and flat prices.
According to the Ordinance on safeguards on importing foreign goods into Vietnam, the investigation will last no more than six months from the date the MoIT issues the decision and the investigation duration can be extended for two subsequent months.
Investigation questions will be sent to related sides within 30 days from the date the MoIT issues the decision.
The MoIT is responsible for examining information and evidence before concluding the matter./.