Workshop on improving export business awareness in trade remedies
Enterprises should grasp and effectively apply trade remedy measures to develop sustainably and overcome economic integration challenges, trade experts said at a workshop themed “Vietnam in non-border global trade” held on May 15.
Enterprises should grasp and effectively apply trade remedy measures todevelop sustainably and overcome economic integration challenges, tradeexperts said at a workshop themed “Vietnam in non-border global trade”held on May 15.
Trade remedy lawsuits—anti-dumping,anti-subsidy, and safeguard measures—usually take a long time, at leasttwo years, to solve, and they usually result in serious damage to exportbusinesses’ trademarks and finances, said Pham Chau Giang, an officialfrom the Vietnam Competition Authority under the Ministry of Industryand Trade.
According to Director of the Ho Chi Minh Citybranch of the Vietnam Chamber of Commerce and Industry Vo Tan Thanh,free trade agreements (FTA) that Vietnam has negotiated and signedwith many partners are expected to bring new opportunities along withincreasing numbers of trade remedy cases to domestic enterprises.
As a result, Vietnamese export businesses need a comprehensiveoverview of the signed FTAs and issues related to trade between thecountry and its partners, said Wong Chian Voen, Consulting Directorof Mayer Brown company from Singapore.
She added thatbusinesses should actively prepare necessary strategies and policies tominimise the possibility of trade remedy cases.-VNA
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