The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Việt Nam.
Việt Nam and India are seeking to strengthen cooperation in the furniture and wood industry, as both countries look to leverage their respective advantages to boost bilateral trade.
The Trade Remedies Authority of Việt Nam urged businesses to continue monitoring the export and import of plywood products to prevent illegal transhipment and the misrepresentation of Vietnamese origin.
The UK – Việt Nam Free Trade Agreement is one of the key drivers boosting the growth of Viêt Nam’s timber and wood product exports to the UK, industry experts have said.
Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.
In the first half of this year, Việt Nam exported 1.85 million tonnes of wood pellets to overseas markets, earning a turnover of nearly US$300 million, Viforest said in its latest report.
The US Department of Commerce (DOC) has not yet issued the final determination about the imposition of anti-dumping and countervailing duties on certain hardwood plywood products and veneered panels exported from Viet Nam.
Local timber producer, An Cuong Wood Working JSC, has announced a cooperation agreement with Sumitomo Forestry American, a subsidiary of Japan-based Sumitomo Forestry Group, to provide furniture for projects in the United States from 2022 onward.