Nghe An: Propaganda and dissemination to improve trade defense capacity

On October 7, the Department of Trade Defense, Ministry of Industry and Trade coordinated with Nghe An province to organize a conference to disseminate and popularize trade defense to the business community in the context of Vietnam participating in new generation trade agreements.

Overview of the conference to disseminate and popularize trade defense to the business community in the context of Vietnam participating in new-generation trade agreements. Photo: Viet Phuong

Speaking at the opening of the conference,Deputy DirectorDirector of the Department of Industry and Trade Cao Minh Tu said that Vietnam is participating more and more deeply in free trade agreements, especially new generation FTAs, so trade defense cases including anti-dumping, anti-subsidy, and self-defense against Vietnam's exports will increase in number with increasing complexity.

Meanwhile, some domestic manufacturing industries are also under pressure from increased imports due to the impacts of market opening and need trade defense policy tools to protect the interests of the industry. Therefore, enterprises need to proactively improve trade defense in the context of participating in free trade agreements to ensure the domestic manufacturing industry.

Delegates attending the conference. Photo: Viet Phuong

At the conference, delegates were informed about an overview of the world's and Vietnam's trade defense laws; Regulations on trade defense in a number of free trade agreements; Practices and impacts of trade defense measures in recent times; Overview of the situation of foreign-initiated trade defense investigations on Vietnam's import and export goods and some notes for businesses.

Representatives of the Trade Defense Department, Ministry of Industry and Trade also reviewed Vietnam's export situation in the first 9 months of 2022, an overview of trade defense cases, procedures for handling common trade defense cases, and practices in handling appeals...

Ms. Phan Mai Quynh - Department of Trade Defense, Ministry of Industry and Trade shares practical content and impacts of trade defense measures in recent times. Photo: Viet Phuong

Representative of the Department of DefensebodyguardMinistry of Industry and Tradesaid that in the context of the pandemic negatively affecting the global economy, trade conflicts between many economies continue to develop complicatedly and the trend of using trade restrictions to protect production in the world continues to increase.

Vietnam is currently the destination for international corporations and enterprises to shift their investments, therefore, importing countries are also concerned about illegal transshipment, in order to avoid trade defense measures of goods applied by this market. Therefore, enterprises and management agencies need to have solutions to proactively respond to cases of investigation and application of trade defense measures, avoid losses, and ensure their legitimate interests.