The Ministry of Industry and Trade has been tasked with building and operating an early warning system for trade defence to detect potential lawsuits from foreign countries initiating trade remedy investigations against Vietnamese exports.
Morocco announced that it has initiated an anti-dumping investigation into bike and motorcycle tires originated or imported from Vietnam, the Vietnamese Ministry of Industry and Trade (MoIT) said.
The Trade Remedies Authorities of Vietnam has recommended domestic enterprises to prepare legal knowledge and resources to deal with potential lawsuits from export markets, particularly in the Association of Southeast Asian Nations (ASEAN).
The Ministry of Industry and Trade (MoIT) is set to bolster action while Vietnamese enterprises have been recommended to gear up preparations as more trade remedy investigations are expected in 2021.
As trade protectionism is forecast to grow further around the world in 2021, the Ministry of Industry and Trade (MoIT) is set to step up trade defence measures in accordance with international law and commitments.