ID :
11027
Sat, 06/28/2008 - 11:04
Auther :
Shortlink :
https://oananews.org//node/11027
The shortlink copeid
Local firms get global trade dispute support
Hanoi (VNA) - The Vietnam Chamber of Commerce and Industry's Legal Department on June 26 officially launched the Trade Remedies Council (TRC) to provide support to domestic associations and enterprises in coping with possible global trade disputes.
In the past few years, Vietnamese exports have increased significantly but
export growth has also brought about risks, said the chamber's Nguyen Thi
Thu Trang at the launching ceremony.
Trang outilined anti-dumping and anti-subsidy taxes and safe-guard
measures as popular tools that foreign countries have used to protect their
local production sectors.
To date, Vietnam has faced 31 anti-dumping lawsuits aimed at exports
such as bicycles, catfish, shrimp, fluorescent lamps and leather shoes.
There were about 4,000 anti-dumping measures imposed by World Trade
Organisation (WTO) members from 20005 up to now.
In addition, the country's WTO commitment to open up its market has
created opportunities for foreign-made products to penetrate into the
domestic market, and that might result in the unhealthy competition and mass
importation of foreign-made goods.
Meanwhile, most Vietnamese associations and enterprises have failed to
attach enough importance to using anti-dumping tools to protect themselves
in the context of global integration. Due to limited awareness on the issue,
Vietnamese enterprises remained passive in anti-dumping lawsuits, resulting
in a loss of export markets.
Preparing for potential anti-dumping cases in this regard would also help
local companies become more professional in their operations, said Trang.
The council was established with aim to assist enterprises to better
address possible anti-dumping cases and other trade disputes. The council
will give associations and enterprises direct and initially free-of-charge
consultations on anti-dumping cases in the domestic and foreign markets.
It will help to increase awareness on global trade disputes through
training and conferences as well as update documents on these
issues.-Enditem
In the past few years, Vietnamese exports have increased significantly but
export growth has also brought about risks, said the chamber's Nguyen Thi
Thu Trang at the launching ceremony.
Trang outilined anti-dumping and anti-subsidy taxes and safe-guard
measures as popular tools that foreign countries have used to protect their
local production sectors.
To date, Vietnam has faced 31 anti-dumping lawsuits aimed at exports
such as bicycles, catfish, shrimp, fluorescent lamps and leather shoes.
There were about 4,000 anti-dumping measures imposed by World Trade
Organisation (WTO) members from 20005 up to now.
In addition, the country's WTO commitment to open up its market has
created opportunities for foreign-made products to penetrate into the
domestic market, and that might result in the unhealthy competition and mass
importation of foreign-made goods.
Meanwhile, most Vietnamese associations and enterprises have failed to
attach enough importance to using anti-dumping tools to protect themselves
in the context of global integration. Due to limited awareness on the issue,
Vietnamese enterprises remained passive in anti-dumping lawsuits, resulting
in a loss of export markets.
Preparing for potential anti-dumping cases in this regard would also help
local companies become more professional in their operations, said Trang.
The council was established with aim to assist enterprises to better
address possible anti-dumping cases and other trade disputes. The council
will give associations and enterprises direct and initially free-of-charge
consultations on anti-dumping cases in the domestic and foreign markets.
It will help to increase awareness on global trade disputes through
training and conferences as well as update documents on these
issues.-Enditem
