Anti-dumping lawsuits weigh down VN exports
Anti-dumping lawsuits weigh down VN exports
Many products in Viet Nam are facing the risk of their market shares and revenues narrowing down due to anti-dumping investigations and lawsuits.
The number of anti-dumping cases concerning Vietnamese export products were caught in a tidal wave recently, according to announcements of the Viet Nam Competition Authority.
Initial statistics showed that from the beginning of this year, nearly 20 anti-dumping lawsuits were filed against Vietnamese export products, bringing the total trade defence cases to nearly 100 so far.
Products faced with anti-dumping lawsuits this year were mainly steel, fibre, bicycle tyres and tube, apart from medium density fibre boards and iron.
The most recent case was India initiating anti-dumping investigations concerning imports of AA dry cell battery (coded HS 8506.10) exported from Viet Nam, the competition authority announced last Thursday.
According to the Viet Nam Competition Authority, many import markets were paying increasing attention to Viet Nam for trade frauds, which would threaten exports.
Nguyen Phuong Nam, deputy director of the Viet Nam Competition Authority, warned that the steel industry faced the highest risk of anti-dumping lawsuits. In September alone, three anti-dumping lawsuits concerning steel products were initiated.
Nguyen Nam, director of An Nam Fibre Company in southern Binh Duong Province said that regardless of the conclusion, anti-dumping investigations once announced would badly impact exports as other importers would take a stricter view.
According to the World Trade Organisation Centre under the Viet Nam Chamber of Commerce and Industry, with Viet Nam signing and negotiating a number of free trade agreements, anti-dumping cases were anticipated to soar and make it even more complicated.
"It is important that businesses enhance their awareness of trade defence," Nguyen Thi Thu Trang, from the WTO Centre said.
