and anti-subsidy regulations applicable to the non-market economies
will influence Vietnamese industries, producers and exporters.
The warning was given by the Trade Remedies Council (TRC) under the
Vietnam Chamber of Commerce and Industry (VCCI) at a discussion on the
issue in Hanoi on Sept. 29.
DOC announced 14
proposed changes to strengthen trade law enforcement and assist US
companies’ competition on August 26.
According to
the TRC President Dinh Thi My Loan, as the US considers Vietnam a
non-market economy, not only Vietnam ’s major hard currency earners,
including seafood, garment and footwear but also sectors with low export
value would be exposed to litigation risk if the US ’s new
regulations apply.
In other words, Vietnam may
face more anti-dumping lawsuits in the future if the regulations are
enforced, said US lawyer William H. Brringer.
At the moment, several of Vietnam ’s agricultural and aquacultural
products and PE bags exported to the US are being sued for
anti-dumping, he said.
The increase in the exports of Chinese commodities made in Vietnam is also an attributor to the risk, the lawyer said.
To avoid the bad effects for Vietnam ’s exports, local exporters
should be well-prepared, especially in terms of proofs, to cope with
anti-dumping and anti-subsidy lawsuits, according to experts.
For this purpose, experienced lawyer Barringer advised Vietnamese
enterprises to consult the TRC and the Competition Management Department
under the Ministry of Industry and Trade as well as strengthen
cooperation with trade associations./.
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