HCMC – The website to give early warnings on anti-dumping investigations against Vietnam’s exports bound for the U.S. and EU was officially launched last Wednesday by Ministry of Industry and Trade.
Trinh Tuan Anh, head of International Cooperation Board in Vietnam Competition Authority of the ministry, told the Daily via the phone that the website keeps local enterprises informed of potential risks of anti-dumping investigations against Vietnamese exports.
Commodities put under consideration include textile and garment, footwear, seafood, furniture and electric cables imported by the U.S. and the EU.
Based on legal regulations of importing countries, the system gives red warning as the highest warning level, or yellow for lower risk and green for no risk. Besides, the web also provides information on anti-dumping duties and timeline of cases.
The system is expected to be updated and adjusted regularly based on data of the U.S. and EU imports from Vietnam, Anh said.
Bach Van Mung, director general of the Vietnam Competition Administration Department under the ministry, had earlier said that the early-warning system was expected to help reducing anti-dumping cases against Vietnamese exporters. The official, however, did not deny the possibility of wrong warnings.
The project of running the system is implemented in three phases. Anh said the second phase will begin in this November to give early warnings on risks of anti-dumping against products of ten industries exported to five markets. The warning will later cover 20 industries and ten markets.
Le Danh Vinh, deputy minister of Industry and Trade, was quoted by the government website www.chinhphu.vn on Wednesday as saying that local exporters are facing more than 34 anti-dumping and countervailing cases.
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