The Hanoitimes - Anti-dumping and anti-subsidy lawsuits are posing a big challenge to Vietnam during its international integration process.
The country has been faced with 50 anti-dumping and four anti-subsidy lawsuits since the first one filed by
Many global economies have recently used commercial safeguards as a new technical barrier to their protect domestic production.
As a result, many Vietnamese economic sectors are struggling against high anti-dumping and anti-subsidy tariffs on commodities imposed by importing countries.
In its latest administrative review, the US Department of Commerce decided to levy new, much higher margins on frozen Vietnamese fish fillets imported into the
Nguyen Duy Khien, Head of the American Market Department under the Ministry of Industry and Trade, points to the fact that the number of lawsuits will increase as the economy continues to encounter difficulties.
Countries that maintain large trade exchanges with the
An increase in bilateral trade with
In 2011 alone Brazil sued Vietnam for dumping its textiles on its market, and the number of legal proceedings, focusing on imports of stainless steel, automobile and bike tyres, increased to three in 2012.
Domestic production under pressure
Meanwhile, several domestically-manufactured products have come under great competitive pressure from similar imports.
Steel is a case in point.
Building glass and vegetable oil are also in the same fix. Large amounts of imported vegetable oil put domestic production at a disadvantage. Statistics show that
Experts suggest that businesses only apply safeguard measures if imports affect domestic production.
Solutions
The Ministry of Industry and Trade has warned businesses to thoroughly research the
To this end, Vietnamese businesses are advised to improve their production capacity by cutting costs, material inputs, and fuel consumption, in addition to increasing labour productivity. Comprehensive production records should also be kept in case a lawsuit is filed.
Businesses are also encouraged to familiarise themselves with their counterparts before signing any wholesale contracts.
Experts say, in order to take advantage of the opening up through