Trade defence investigations into wood products on the rise
|
The Ministry of Industry and Trade has dealt with 176 trade defence cases applied by foreign countries on Vietnamese exports as of this month.
Of these, seven cases are related to wood products, accounting for only 4% of the total. However, there has been a recent uptick in the cases.
There were only three cases on wood products from 2007 to 2017, but there have been four since 2018.
Export turnover in recent investigations of products has also greatly increase compared to the 2007 – 2017 period.
India launched an anti-dumping investigation into medium density fibre (MDF) in 2015, a product with an export turnover of about US$3.1 million.
Meanwhile, the Republic of Korean plywood investigation last year looked into a product with an export turnover of about US$170 million.
Most recently, the US Department of Commerce (DOC) initiated an anti-dumping and countervailing duty investigation to be applied to Chinese plywood products imported from Vietnam on June 17.
The export turnover of this product to the US was about US$300 million last year.
To effectively deal with trade defence cases, besides the Government's efforts, the manufacturing industry and enterprises play an important role, especially in building the value chain, modernising the management system and developing legal raw materials.
The Ministry of Industry and Trade recommended Vietnamese plywood exporters learn mechanisms, regulations and procedures of the US investigation and improve the management system and data to meet the requirements of information, prove the origin of raw materials, and work with relevant agencies in importing countries for investigation.
Experience has shown that coordination and information provision from enterprises plays a decisive role to ensure the interests of domestic enterprises and industries, said the ministry.
The ministry also recommended wood exporters develop strategies to persify products and export markets to disperse risks and avoid concentrating on one market.
Businesses should have a strategy to develop domestic raw materials to increase the added value of the products, a long-term solution to respond to such investigations.
They are also asked to work closely with the Ministry of Industry and Trade in handling investigations.
Related News
Enterprises have the right to pre-determine HS codes
09:55 | 06/04/2023 Regulations
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Import and export turnover in major markets plunges
13:45 | 31/03/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export