Mexico Terminates Anti-Dumping Duties on Chinese Ammonium Sulfate
According to the China Trade Remedy Information Network, on September 25, the Mexican Ministry of Economy announced its decision to terminate the anti-dumping duties on Chinese ammonium sulfate and its mixtures. This decision was made due to the inability to determine a substitute country for China, making it impossible to assess the normal value of Chinese ammonium sulfate. Meanwhile, Mexico will continue to impose anti-dumping measures on ammonium sulfate from the United States. The anti-dumping duties on AdvanSix Resins & Chemicals, LLC., and other U.S. exporters will remain in place until October 10, 2025. This decision takes effect from the day following the announcement.
Mexico initiated an anti-dumping investigation on Chinese ammonium sulfate in 2014 and imposed anti-dumping duties on both Chinese and U.S. products in 2015. Additionally, Mexico conducted an anti-circumvention investigation on Chinese ammonium sulfate and launched a sunset review in 2020. After multiple announcements, the final decision was made to suspend anti-dumping duties on Chinese ammonium sulfate, with the last suspension valid until November 23, 2024.
Russia Plans to Cancel Fertilizer Export Duties by 2025
Russian Deputy Finance Minister Alexey Sazanov recently stated that the government plans to cancel fertilizer export duties starting from January 1, 2025, as Russia has already increased the Mineral Extraction Tax (MET).
Currently, fertilizer export duties are implemented in two phases: starting from September 1, 2023, a 7% ad valorem tax is imposed on nitrogen, potash, and phosphate/compound fertilizers, with a minimum rate of 1,100 to 2,100 rubles per ton. Beginning October 1, 2023, an additional 3% surcharge is applied when the exchange rate exceeds 80 rubles per dollar, raising the total export duty to 10%. These duties will remain in effect until the end of 2024.
While the Ministry of Finance has indicated that the "exchange rate" export tax will be removed next year, industry insiders fear the government may retain the 7% ad valorem tax.
Attention: The above information is for commercial reference only due to the diversity of information collected, and Kelewell is not responsible for the authenticity of the data.
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