Businesses remain ‘vague’ about safeguard measures
(VOV) - Vietnam successfully defended trade safeguard lawsuits related to exported products last year, according to a recent annual report of the Vietnam Competition Authority under the Ministry of Industry and Trade.
For example, India and Thailand removed Vietnam from their list of the countries subject to safeguard duties on raw elastic thread and non-alloy steel, respectively, while the European Commission (EC) stopped investigations without imposing anti-subsidy tariffs on polyester staple fibres (PSF) imported from Vietnam.
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Despite gaining certain success, the country’s implementation of protective measures still face a number of obstacles.
Meanwhile exporters and associations have been fully unaware of legal regulations, particularly safeguard measures. Besides, not a few State policies violated the World Trade Organisation (WTO) agreements as a result of limited understanding of trade safeguard measures, causing anti-subsidy lawsuits against Vietnam exported products.