Trade defense lawsuits in first six months higher than 2019
Vietnam sued trade defense not equal 1/10 be sued | |
EVFTA could signal difficulties for Vietnamese trade remedies |
The level of trade defense investigations into wood products is on the rise. Photo: Nguyen Thanh |
In the first six months of this year alone, the Ministry of Industry and Trade dealt with 13 trade defense lawsuits from foreign countries against Vietnamese goods and is going to investigate six cases in the near future (higher than the number of cases in 2019).
Meanwhile, although accounting for a small proportion of the total number of trade defense lawsuits (seven investigation cases, accounting for 4%), the investigation level into wooden products is on the rise. In the whole period of 2007 - 2017, there were only three cases of wood products, but since 2018 there have been four cases.
Notably, on June 17, the US Department of Commerce (DOC) conducted an anti-dumping and countervailing duty investigation into Chinese plywood products imported from Vietnam. These are hardwood plywood, decorative plywood and some veneer-coated plywood.
Under the above situation, the Ministry of Industry and Trade recommends enterprises study mechanisms, regulations and investigation procedures of the US; proactively perfect the management system and data to meet the requirements of information and prove the origin of raw materials; develop strategies to diversify products and export markets to disperse risks, avoiding concentrated export of large volumes into one market.
At the same time, enterprises also need a strategy to develop domestic raw materials to increase the added value of products, and this is also a long-term solution to respond to the "anti-evasion" investigations that are increasing today.
Motivated by the Vietnam-EU Free Trade Agreement (EVFTA) coming into force on August 1, the Ministry of Industry and Trade assesses that it would open opportunities for Vietnam to boost exports to the EU market, but also new challenges of rules of origin and high technical standards.
Increasing conflict, Vietnam faces 160 trade remedy lawsuits VCN- By the end of March 2020, there have been nearly 160 trade remedy lawsuits implemented by ... |
However, the Ministry also noted, there may appear a wave of production and order shifting to Vietnam, leading to the risk of origin fraud and trade remedies evasion, increasing the risk of trade remedies from the EU.
Related News
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Vietnam's exports to Canada lead among CPTPP countries
09:41 | 25/04/2024 Headlines
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Rubber exports are flourishing, promising potential
17:51 | 20/04/2024 Import-Export
Latest News
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export
Central beach city to lure investment from potential partners
14:54 | 03/05/2024 Import-Export
Vietnam to have enough 8 million tonnes of rice for export
14:47 | 03/05/2024 Import-Export
More News
Binh Duong: Fertile ground for logistics businesses
10:16 | 03/05/2024 Import-Export
Some 51,600 new firms established in four months
17:17 | 02/05/2024 Import-Export
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months
17:13 | 02/05/2024 Import-Export
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment
15:36 | 02/05/2024 Import-Export
FDI disbursement in January-April period reaches five-year record
19:43 | 01/05/2024 Import-Export
Binh Duong aims to become logistics hub in southern region
19:41 | 01/05/2024 Import-Export
Digital transformation – optimal choice for Vietnamese garment & textile firms
19:39 | 01/05/2024 Import-Export
Infrastructure development creates momentum for exports to "neighboring" markets
19:36 | 01/05/2024 Import-Export
Your care
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export
Central beach city to lure investment from potential partners
14:54 | 03/05/2024 Import-Export
Vietnam to have enough 8 million tonnes of rice for export
14:47 | 03/05/2024 Import-Export