The Vietnam Chamber of Commerce and Industry and the Multilateral Trade Assistance Project held a conference themed “Updating on Trade Remedies and other Regulations in the EU Recommendations for Vietnamese Exporters” in Hanoi on July 14.
The conference aims to provide Vietnamese businesses with information about the possible changes in the application of trade defence instrument and other trade barriers of the European Union (EU) against impacts from foreign countries.
Experts at the event advised Vietnamese businesses on the measures to avoid and cope with related risks to protect themselves in their export activities.
The EU is now one of Vietnam’s most important markets with a population of 500 million, which imports Vietnam’s key export products such as textiles and garments, footwear, seafood, and wood products.
The EU has so far had 10 anti-dumping lawsuits against Vietnamese exports. The number of lawsuits indicates the high level of risk to be sued in the market, especially when the EU is likely to adjust its trade defence instruments which are considered to be more disadvantageous for Vietnamese exporters.