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
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export
New export and business cooperation opportunities from "dual conversion"
10:53 | 23/11/2024 Import-Export
Why seafood exports to some Middle Eastern Countries are stalled
14:47 | 20/11/2024 Import-Export
Businesses need support from vietnamese representative offices abroad
14:48 | 20/11/2024 Headlines
Latest News
Agricultural, forestry and fishery trade surplus value shoots up
10:54 | 23/11/2024 Import-Export
VN's food processing industry struggles to improve quality and value chain integration
15:53 | 22/11/2024 Import-Export
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Vietnamese enterprises facing challenges from cross-border e-commerce platforms
14:32 | 21/11/2024 Import-Export
More News
Vietnam, Malaysia eye new milestone in trade ties
14:29 | 21/11/2024 Import-Export
Shrimp exports surge in 10 months, generating 3.2 billion USD
14:27 | 21/11/2024 Import-Export
Vietnam’s exports to the U.S. near US$100 billion milestone
09:46 | 21/11/2024 Import-Export
From the “abnormal” coffee price, worries about the new crop
09:46 | 21/11/2024 Import-Export
What obstacles limit the market share of Vietnamese goods in the UK?
14:49 | 20/11/2024 Import-Export
Storm No. 3 destroys profits of many insurance companies
14:45 | 20/11/2024 Import-Export
Vietnam, Malaysia eye golden partnership opportunities in Halal industry
14:44 | 20/11/2024 Import-Export
Tra fish sector aiming for production, processing greening for sustainable development
14:41 | 20/11/2024 Import-Export
Developing supporting industries for the billion-dollar export commodity groups
09:26 | 20/11/2024 Import-Export
Your care
Agricultural, forestry and fishery trade surplus value shoots up
10:54 | 23/11/2024 Import-Export
New export and business cooperation opportunities from "dual conversion"
10:53 | 23/11/2024 Import-Export
VN's food processing industry struggles to improve quality and value chain integration
15:53 | 22/11/2024 Import-Export
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export