At a seminar on mitigating trade defence risks when increasing exports to CPTPP markets in Hanoi on November 27. (Photo: VNA)Phung Gia Duc, deputy head of the Trade Remedies Authorityof Vietnam’s office for addressing foreign trade defence processing, said thatmany member countries of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) are investigating trade defence casesinvolving Vietnamese products. Statistics show that Australia has initiated 18cases so far, and Canada and Malaysia over 10 cases.
The most vulnerable and likely-to-be-investigated products are those with rapidand strong growth, he went on, adding that the principle to initiate such alawsuit is an increase in imports.
Vu Van Phu, vice chairperson and general secretary ofthe Vietnam aluminum association, said that as trade defence measures in theworld and in Vietnam are increasing, aluminum enterprises have begun to payattention and change their perception of related risks.
They need support in connecting supply and demand, expandingmarkets, and avoiding dependence on a single market when facing trade defenceinvestigations, Phu said.
Duc held that such cases will grow rapidly in the time tocome. Therefore, businesses must regularly update changes in foreign laws. TheMinistry of Industry and Trade will frequently organise dialogues on the issuewith foreign investigation agencies.
The Vietnamese Government will protect Vietnameseenterprises but will also resolutely guard against businesses evading tradedefence measures through illegal imports or origin evasion, he affirmed./.
VNA
