Numerous export products escape trade remedy cases
VOV.VN - Facing plenty of difficulties with an increasingly diverse range of products being investigated and the scope of investigation expanding, many Vietnamese export products have escaped from trade remedy cases through appeals.
This year has seen Vietnamese export goods subject to 16 new initiated cases for solar cells, wooden cabinets, some steel products, and chemicals in addition to annual review cases and end-of-term review cases, alongside many other cases which continued to be investigated.
There have so far been roughly 240 trade remedy investigations against Vietnamese exports.
Due to the growing production and export capacity of the national economy, Vietnamese export items are also increasingly facing investigations and an application of trade remedy measures imposed by foreign countries.
By the end of the year, merchandise exports are estimated to reach US$354.5 billion, of which 33 items had an export turnover of over US$1 billion during the past 11 months, with seven items recording an export turnover of more than US$10 billion, accounting for 66% of total export turnover.
The trade balance continued to enjoy a trade surplus for the eighth consecutive year with an estimated surplus of US$26 billion, a two-fold increase over last year.
Despite facing many difficulties and challenges, the appeal work this year has also achieved positive results.
The Ministry of Industry and Trade has updated monitoring of over 170 products, including an early warning list for 18 items at risk of being investigated and subject to trade remedy measures, thereby helping ministries, sectors, localities, and businesses to proactively respond to foreign defence remedy measures and proactively devise relevant production and export strategies.
Moving ahead to 2024, the Trade Remedies Authority will continue to improve and intensify early warning of foreign trade remedy cases against Vietnamese export goods This will be done whilst proactively monitoring and protecting the legitimate interests of domestic manufacturing industries through investigation and application of remedy measures on the principles of openness, transparency, and compliance with legal regulations in accordance with Vietnamese international commitments.
