Minister of Industry and Trade Tran Tuan Anh has asked agencies to implement measures on trade remedies, import and export management and strengthen market management for sugar products.
The Ministry of Industry and Trade has just issued an action programme to implement an early warning system on trade defence.
With an array of free trade agreements (FTAs) inked and coming into force, countries around the world have also increased technical barriers to protect their domestic industries, exposing many Vietnamese businesses to the risk of losing markets if they lack thorough preparations.
VOV.VN - The import turnover of Vietnamese steel products to the Philippines accounts for a small proportion of overall revenue and therefore the products should be excluded from the safeguard measures imposed by the island state, according to the Trade Remedies Authority of Vietnam.
VOV.VN - India has recently announced the launch of an anti-dumping probe into the import of Vietnamese polyester yarn products, according a statement issued by the Trade Remedies Authority of Vietnam.
The Ministry of Industry and Trade (MoIT) is planning to increase the number of training courses on trade remedies for the domestic production industry.
VOV.VN - With the Vietnam-EU Free Trade Agreement (EVFTA) set to take effect in July after gaining the approval of the National Assembly, the pact is set to open up a wealth of opportunities for local businesses to boost production and exports, although some believe that there are potential risks of trade conflicts occurring.
A report on the building of a general programme for the use of trade remedies in several production industries are being compiled by the Trade Remedies Authority of Vietnam (TRAV).
VOV.VN - Vietnamese businesses have been advised not to create a massive influx of steel export products to the US market and instead devise a proper export strategy in order to limit the number of trade remedy cases in the future.
Sectors which have seen high growth in the past few years such as wooden furniture, garments and textiles, seafood and steel are being placed under special supervision by the Ministry of Industry and Trade (MoIT) to avoid having high tariffs and trade sanctions imposed by other nations.
Under a recently issued programme, Vietnam is set to step up the use of and response to trade remedies to support the future development of several domestic industries.
Though Vietnamese companies export an insignificant volume of cold-rolled steel to the US, they will still face difficulties if the US applies trade remedy measures against this product, an industry insider said.
After more than 10 years of enforcing trade remedies laws, the number of trade investigations that Vietnam initiated against imported products were finally able to be counted on one hand, heard a conference on June 2.
VOV.VN - Trade remedies are trade policy tools that allow foreign governments to take remedial action against imports from Vietnam thus causing irreparable material injury to a domestic industry.
While remedial measures are necessary following strong liberalisation of trade, the protection of domestic steel producers' interests while applying these measures is a problem, industry insiders have said.