Vietnam to have trade defence early warning system by 2025

  • Vietnam
  • Monday, 09 Mar 2020

Vietnamese steel faced a number of trade defence investigations. Việt Nam plans to develop An early warning system for trade defence by 2020, aiming to promote sustainable exports. - Petrotimes/VN

HANOI (Vietnam News/ANN): Vietnam plans to develop an early warning system for trade defence by 2025, aiming to promote sustainable exports.

The goal was approved by Prime Minister Nguyễn Xuân Phúc on Sunday (March 8).

Accordingly, by 2025, an information technology infrastructure system, analysis software and an e-portal would be completed to effectively operate the early warning system and to calculate dumping margins and analyse damages.

The early warning system would provide support to investigators and relevant agencies in the investigation and handling of trade defence cases in domestic and foreign markets, as well as handling disputes at the World Trade Organisation.

The system would contribute to protecting domestic production while actively avoiding and coping with trade defence lawsuits filed by foreign countries towards promoting sustainable exports.

Within the project’s framework, training would be provided to 1,000 employees working in the fields related to trade defence to improve the capacity of providing warnings and support to businesses.

To efficiently operate the early warning system and minimise negative impacts from the international integration process, Vietnam would invest in the IT infrastructure system and complete the database of trade figures with major partners.

International cooperation would be boosted towards protecting legitimate rights of Vietnamese firms in import and export activities and closely watching compliance with international commitments of bilateral and multi-lateral trade agreements of domestic firms.

According to statistics by the Vietnam Chamber of Commerce and Industry’s WTO Centre, there were 156 trade defence investigation cases initiated by 19 countries and territories on Vietnam’s export products as of the end of 2019. In comparison, Vietnam initiated 16 cases on imported products. - Vietnam News/Asia News Network

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Vietnam , early , warning , system , trade


Next In Regional

From Mars to the moon: the computer system behind China’s space missions
Ahead of Apple’s iPhone 13 launch, supplier Foxconn woos workers with record-high cash bonuses
Pakatan leaders: Parliament must sit before Aug 1 to discuss pandemic fight and recovery efforts
Barisan MPs will not support any motion of no confidence
South-East Asia’s attempts at replicating Singles’ Day sales drive shopping boom
Singapore’s GIC buying 16% stake of Sunway Healthcare for RM750m
Self-driving startup WeRide deepens ties with Nissan, raises US$310mil
Khairy to World Bank: Speak out against immoral act of vaccine hoarding
Covid-19: 5,244 new cases for 711,006 total, 83 more deaths
KAB partners Janakuasa in Vietnam renewable energy venture

Stories You'll Enjoy