MoIT decides to impose self-defence measures on imported fertilisers

The Ministry of Industry and Trade (MoIT) has decided to impose self-defence measures on imported DAP and MAP fertilisers after a comprehensive review of their impact on the Vietnamese market in line with the law.

The imported DAP and MAP fertilisers are subject to self-defence tariffs in accordance with the Law on Foreign Trade Management and the World Trade Organisation’s regulations.

The MoIT also consulted State management agencies, including the Ministry of Agriculture and Rural Development (MARD), about the review.

Accordingly, the tariffs will be lower and applicable for shorter time than those ruled by the WTO. They will be gradually reduced according to the schedule, towards maintaining a competitive environment to bring benefits to fertiliser consumers.

The MoIT is also working with ministries and agencies concerned to closely track the world prices of DAP and MAP fertilisers as well as input materials.

DAP fertiliser prices have recently increased due to several external factors such as hike in prices of input materials and transportation services. Domestic demand for it basically does not rise compared to previous years.

Additionally, prices of domestically-made DAP have not gone up, contributing to containing its common price increase.

Therefore, self-defence measures are necessary to bring a fair competition environment for domestic and imported goods.

The MoIT will continue partnering with the MARD and relevant units to review self-defence measures objectively and comprehensively in line with the law.

Related

Self-defence measures to protect domestic production
Self-defence measures to protect domestic production

Vietnam is entitled to investigate imports which have been reported to bring unhealthy competition and take trade remedy measures to protect the legitimate rights and interests of businesses in the domestic market.

Self-defence measures to protect domestic production

Self-defence measures to protect domestic production

Vietnam is entitled to investigate imports which have been reported to bring unhealthy competition and take trade remedy measures to protect the legitimate rights and interests of businesses in the domestic market.

MoIT sets export growth target of up to 5% despite COVID-19 challenges
MoIT sets export growth target of up to 5% despite COVID-19 challenges

VOV.VN - Amid complicated developments of the COVID-19 pandemic globally, the Ministry of Industry and Trade (MoIT) has set an export growth target of between 4% and 5% for this year, with a specific focus on taking full advantage of new-generation free trade agreements, said Tran Thanh Hai, deputy director of the Import and Export Department.

MoIT sets export growth target of up to 5% despite COVID-19 challenges

MoIT sets export growth target of up to 5% despite COVID-19 challenges

VOV.VN - Amid complicated developments of the COVID-19 pandemic globally, the Ministry of Industry and Trade (MoIT) has set an export growth target of between 4% and 5% for this year, with a specific focus on taking full advantage of new-generation free trade agreements, said Tran Thanh Hai, deputy director of the Import and Export Department.