Vietnamese traders warned of rise in anti-dumping suits

Home >> Daily News >> Vietnam News >> Trade >> Vietnamese traders warned of rise in anti-dumping suits

NEWS UPDATES

13 March 2010

Related Stories

March 9, 2010
Vietnamese leader wants FTA with US

March 5, 2010
Vietnam posted trade deficit in Jan, Feb 2010

March 3, 2010
EU to start free trade talks with Vietnam

February 26, 2010
Vietnam-India trade expected to reach $5bn in coming years

January 18, 2010
Vietnam: Hanoi raises exports target by 5% to $68bn

January 16, 2010
Vietnam’s shipments to US rose 6% in Jan-Nov 2009

Vietnamese exporters may be faced with more anti-dumping suits this year as the global economy recovers, VNBusinessNews.com 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.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1-Trillion Market

We are the Voice of Southeast Asia	Media Kit
The only Media Dedicated to Southeast Asia	Advertising Rates for Magazine
	Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.

Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

or

submit your comment in the box below

Name

Email

1. Verifier