Trade remedies help re-establish a healthy and fair competitive environment prevent dumping and sales of subsidised goods into Việt Nam by exporting countries.
The Trade Remedies Authority of Việt Nam has provided early warnings for products at risk of being subject to trade defense measures when exported to the US, EU, Mexico and Australia.
As of late May, the US launched 55 trade defence investigations against Việt Nam, which accounted for nearly 25 per cent of the total number of anti-dumping investigations against Vietnamese exports.
Việt Nam''s steel exports have increased in recent years. As a result, the sector has attracted attention from other countries and triggered a number of defence measures from some markets.
As trade protectionism is forecast to grow further around the world in 2021, the Ministry of Industry and Trade (MoIT) is set to step up trade defence measures in accordance with international law and commitments.
The Trade Remedies Authority of Viet Nam has announced the list of 12 products which were at risk of being investigated for trade defence measures or origin fraud and illegal conveyance.
The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.
As Viet Nam joins more international trade agreements, dealing with and overcoming trade defence measures has become a top priority for Vietnamese businesses, especially for those working with markets known for their numerous and robust defence instruments such as the...
Domestic enterprises should join forces to apply trade defence
measures, according to Dinh Thi My Loan, chairwoman of the Advisory
Council on International Trade Remedies under the Viet Nam Chamber of
Commerce and Industry.