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Update news trade remedy
The US Department of Commerce (DOC) has initiated an administrative review on certain Vietnamese exports currently subject to anti-dumping and countervailing duties, according to the Trade Remedies Authority of Vietnam.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has brought competitive advantages to Vietnamese export products, but these goods have also faced the imposition of trade defence measures in CPTPP markets.
Vietnamese exporters are now facing various trade defense instruments from the US and EU, asking them to be well-prepared to succeed in international markets.
The Ministry of Industry and Trade (MOIT) has published a list of products that could potentially be subjected to U.S. trade remedies and origin fraud investigations.
Vietnam had recorded 224 cases subject to the trade remedies of other countries in the year to October, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.
The Ministry of Industry and Trade (MoIT) has decided to extend time limit of investigation on applying anti-dumping measures on table and chair products originating from Malaysia and China by six months.
Vietnam is willing to hold trade talks with the United States to timely solve arising problems and strengthen bilateral economic, trade and investment relations, in the interest of businesses and people of the two countries.
The US Department of Commerce (DOC) has announced the extension of the deadline for issuing its final conclusion on a trade remedy duty evasion investigation into hardwood plywood imported from Vietnam.
The United States’ Department of Commerce (DOC) has officially initiated an investigation into trade remedy tax evasion on a number of steel pipe products imported from the Vietnamese market.
The number of trade remedy cases initiated by foreign countries and territories against Vietnamese exported goods is increasing rapidly, according to Le Trieu Dung, director of the Trade Remedies Authority of Vietnam.
Vietnam is currently facing 208 trade remedy lawsuits, and this figure is expected to increase sharply in the coming time, causing the market share of Vietnamese goods to be at risk of shrinking in many export markets.
The Trade Remedies Authority of Vietnam (TRAV) have warned that Vietnamese products are at risking of falling foul of anti-dumping and trade defence investigations.
Vietnam’s export goods face more trade remedies in the process of deep economic integration, so the Ministry of Industry and Trade has developed solutions for the situation.
Trade protectionism is on the rise around the world, as governments attempt to limit the economic damage from the coronavirus pandemic.
Vietnam has vowed to prevent and discover origin fraud in an effort to protect domestic production.