Illustrative image (Source: VNA)Hanoi (VNA) – The Ministry of Industry andTrade (MoIT) has advised Vietnamese exporters to strictly abide by regulationsrelated to products’ origin as many members of the World Trade Organisation(WTO) have strengthened trade safeguard tools to protect their domesticindustries.
According to the Trade Remedies Authorities of Vietnamunder the MoIT, in nearly six months from May to October of 2018, the world’s 20 largest advanced and emerging economies (G20) launched 85 trade defence cases, including 63 anti-dumping cases,19 anti-subsidy cases and 3 self-defence cases.
To ensure the effectiveness of trade remedies, thecountries have kept a close eye on imports to uncover fraud.
Investigations into trade remedy avoidance againstVietnamese enterprises have also increased.
As of December 2018, 19 investigations were launchedon export products from Vietnam, mostly steel, fibre, household appliances andelectronics.
Vietnamese products facing high risks of investigationare plywood exported to the US as well as truck and bus tyres to the EuropeanUnion.
In that context, the MoIT and the Vietnam Chamber ofCommerce and Industry (VCCI) have sought to tighten the issuance of origincertificates, with special attention on products with high risk of fakeVietnamese origin certificates being used.
The MoIT has also work with the Ministry of Finance towatch for abnormal signs in exports to some markets to avoiding damaging Vietnam’sprestige and the interests of exporters.
The MoIT also asked for businesses’ help in monitoringthe market and providing information in violation cases.-VNA
VNA
