Anti-dumping lawsuits an effective tool in global integration

Anti-dumping lawsuits against imported products constitute an effective tool for enterprises to protect domestic manufacturing, experts said in a workshop in southern Can Tho city on October 17. 

Anti-dumping cases were particularly significant in the context of country that is still in the process of integrating itself into the global economy, according to participants.

Deputy Director of the municipal Vietnam Chamber of Commerce and Industry (VCCI) Vo Thi Thu Huong said only a few Vietnamese businesses utilised this self-protection measure as it is not widely known or understood.

As of September, Vietnam has conducted three anti-dumping investigations on imported goods, including one on cold-rolled stainless steel in July 2013, statistics published by the Secretariat of the VCCI’s Trade Remedies Council (TRC) showed.

Since 1994, Vietnamese exporters faced 77 trade remedy lawsuits, including 55 anti-dumping cases.

In September 2014, the Ministry of Industry and Trade issued the order to impose tariffs on stainless steel for the first time, which shows the State’s readiness to protect the legitimate interests of domestic manufacturers. 

Businesses should increase links amongst themselves and seek information on the international legal regulations in an effort to increase competitiveness and reduce losses to the manufacturing sector, participants suggested.

Source: VietnamPlus