Programme built to better use of trade remedies

23-Aug-2019 Intellasia | VNS | 6:02 AM Print This Post

A report on the building of a general programme for the use of trade remedies in several production industries is being compiled by the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.

It aims to restructure the industry and trade sector serving for the country’s industrialisation and modernisation as well we sustainable development by 2020.

TRAV said the number of trade remedy investigations launched by Vietnam is very small compared to the probes into Vietnamese goods in other countries. Besides, duties imposed on imported products by Vietnam are also low compared to the rate of tariffs its exports have to face overseas.

It revealed the interests of domestic producers haven’t been fully protected against imports and overseas trade remedy probes aboard could lead to local businesses’ loss of market share and workers’ job loss.

The agency noted that compiling the report is the first step to synchronise analyses and assessments of the trade remedy situation in Vietnam to work out solutions for short, medium and long terms.

This report will focus on dealing with policy bottlenecks, facilitating access to resources for trade remedies and ensuring the effective implementation of these measures.

The general programme will benefit producers, exporters, importers, along with ministries and central agencies that are involved in trade remedy cases both home and abroad. A number of industries will also be among the beneficiaries, including steel and iron, chemicals and chemical products, fertilisers and nitrogen compounds, wood, fisheries, and farm produce, according to TRAV.

The programme would promote application of science and technology while developing legal corridor to create changes.

TRAV would cooperate with relevant agencies to review and supplement legal regulations in the sector.

They would also simplify procedures, building a declaration system for imported and exported goods in trade remedy investigations and connecting to single window customs system to facilitate businesses.

http://bizhub.vn/news/programme-built-to-better-use-of-trade-remedies_308422.html

 


Category: Economy, Vietnam

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