US considers probe into staples imported from Vietnam
VOV.VN - The US Department of Commerce (DOC) is considering initiating an investigation against the circumvention of trade remedy measures for collated steel staples originating from Vietnam.
The DOC said on November 15 it had received a request for an investigation from local manufacturers, and it now has 30 days to launch an investigation into the case, according to US law.
The deadlines may be extended for another 15 days.
In order to ensure their legitimate interests, Vietnamese staples manufacturers have been encouraged to contact the Trade Remedies Authority of Vietnam, prepare related documents and respond to the DOC’s requests.
According to the US International Trade Commission (USITC), Vietnam exported about US$18 million worth of staples to the US in 2021, making up about 12% of the total export turnover of countries to the market. It was the third largest staples exporter to the US only behind China and the Republic of Korea.
The export turnover of staples from Vietnam to the US has increased dramatically over recent years, from just US$2 million in 2019 to US$16 million in 2020 and US$18 million in 2021.