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).
Goods are transferred between trucks at the Kim Thanh International Border Gate in Lao Cai city, the northern province of Lao Cai (Photo: VNA)
Hanoi (VNA) – A report on the building of ageneral programme for the use of trade remedies in several productionindustries are being compiled by the Trade Remedies Authority of Vietnam(TRAV).
TRAV said the number of trade remedyinvestigations launched by Vietnam is very small compared to the probes intoVietnamese goods in other countries. Besides, duties imposed on importedproducts by Vietnam are also low compared to the rate of tariffs its exportshave to face overseas.
That the interests of domestic producers haven’tbeen fully protected against imports and overseas trade remedy probes aboardcould lead to local businesses’ loss of market share and workers’ jobloss.
The agency under the Ministry of Industry andTrade noted that the building of the report is the first step to synchroniseanalyses and assessments of the trade remedy situation in Vietnam so as to workout solutions for short, medium and long terms.
This report will focus on dealing with policybottlenecks, facilitating access to resources for trade remedies and ensuringthe effective implementation of these measures.
The general programme will benefit producers,exporters, importers, along with ministries and central agencies that areinvolved in trade remedy cases both at home and abroad. A number of industrieswill also be among the beneficiaries, including steel and iron, chemicals andchemical products, fertilizers and nitrogen compounds, wood, fisheries, andfarm produce, according to TRAV. -VNA
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Goods are transferred between trucks at the Kim Thanh International Border Gate in Lao Cai city, the northern province of Lao Cai (Photo: VNA) 
