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NEWS UPDATES 13 March 2010

Vietnamese traders warned of rise in anti-dumping suits

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Vietnamese exporters may be faced with more anti-dumping suits this year as the global economy recovers, reported quoting Peter Koenig, a US law attorney.

“Many producers from importing countries tend to file more anti-dumping suits against exporters if harmed,” Koenig said in a talk in HCMC on Thursday about anti-dumping and anti-subsidy legal actions concerning Vietnam.

Koenig has more than 25 years’ experience in trade remedy proceedings. According to some official reports, an increase in US producer-initiated anti-dumping suits against exporters is expected, he added. The US is currently a major importing market for many countries, including Vietnam and China.

Koenig said the global trade discrimination trend had worried the Chinese government. He suggested that exporters be cautious.

Nguyen Thi Thu Trang, member of the Trade Remedies Council of Vietnam Chamber of Commerce and Industry, said Vietnam may face anti-dumping suits in the future due to its export-dependent economy.

“One thing worries me - although Vietnam didn’t face as many anti-dumping suits as other countries, the rate is slowing in other nations, while legal action against Vietnam is increasing,” she said.

Koenig suggested Vietnamese exporters learn about their importing markets’ trade protection histories. The US often files legal action against products like steel pipe, furniture, tra and basa catfish, nails and screws. The garment industry is vulnerable to anti-dumping suits too.

Anti-dumping suits increased 30 percent last year, but a sharp decrease in the fourth quarter as the economic crisis slowed worldwide trade.

Legal action - including anti-dumping, anti-subsidy and safeguard suits - against Vietnamese products set a record last year. Seven trade protection cases were filed in six markets, including Brazil, Canada, the US, India and Turkey.

Already this year, anti-dumping and anti-subsidy suits have been brought against Vietnam’s PE bags. Vietnam launched its first dispute this year at WTO over US frozen shrimp duties.


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