As the international trade market is developing vibrantly, the pressure on the domestic production and business industry is also increasing. Dumping is one of the activities that greatly affects domestic production. Therefore, the application of trade remedy measures in general and anti-dumping measures in particular is extremely necessary. In this article, Viet An Law will provide you with anti-dumping and trade remedy consulting services performed by the company.
Currently, there is no document specifically regulating the term trade remedy. Industry and Trade Magazine once explained trade remedies as follows: “Trade remedies are tools that the International Trade Organization (WTO) allows members to use to protect the domestic industry of contracting members against the increased imports causing injury to manufacturing domestic industry”.
Therefore, it can be understood that trade remedy is a measure that countries use to restrict the import of one or several types of imported goods that cause injury or threaten to cause injury to the manufacturing domestic industry.
According to the provisions of the Law on Foreign Trade Management, trade remedy measures include:
Anti-dumping is a measure applied in cases where goods are determined to be dumped when imported into Vietnam, causing material injury or threatening to cause material injury to the domestic industry or preventing the formation of a domestic manufacturing industry.
The goods are determined as dumped if their price is imported into Vietnam lower than the comparable price of similar goods sold in the exporting country or a third country under common commercial conditions or the price that is self-calculated by the investigating authority.
Anti-dumping measures include :
Anti-dumping measures are applied to goods imported into Vietnam when the following conditions are satisfied:
Trade remedies are measures to prevent and limit goods exported to Vietnam from foreign countries and are applied by Vietnam. Trade remedies are intended to protect domestic industries from foreign competitors. Anti-dumping is one of the trade remedy measures applied nowadays.
Currently, the increasing number of imported goods from abroad has caused an impact on the domestic manufacturing industry in Vietnam. Currently, Vietnam has successfully negotiated and signed many free trade agreements. This helps tariff barriers to be gradually eliminated. Facing pressure from the import market, general trade remedies and anti-dumping are useful tools to protect domestic production.
However, currently, many small and medium-sized enterprises still do not understand the relevant regulations and do not clearly understand the importance of trade remedies in general and anti-dumping in particular. Therefore, businesses need to prepare to equip themselves with legal knowledge related to trade remedies, to promptly coordinate with investigation agencies when cases of violation arise. Businesses may need to proactively contact for advice from lawyers as well as state management agencies.
As stated above, lawyers will play an important role in providing legal knowledge related to trade remedy activities for businesses. With a team of professional lawyers with many years of experience in international business law, Viet An Law will provide customers with anti-dumping and trade remedy legal consulting services. When using services at Viet An Law, clients will have the following benefits:
Customers have related questions about anti-dumping and trade defense, please contact Viet An Law Firm for the best support from our team of lawyers !
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