The Asia-Pacific Economic Update warns that the escalation of trade and geopolitical tensions pose a major near-term risk, and a tit-for-tat trade war will take a heavy toll on regional value chains with impacts on exports, employment and workers’ earnings.
China will impose anti-dumping duties on halogenated butyl rubber originating from the United States, the European Union (EU), the United Kingdom (UK) and Singapore from Tuesday, the Ministry of Commerce announced Monday.
In reality, there are businesses that own very good products but do not know how to export. If businesses and cooperatives do not understand the market regulations, it will be very difficult for them to export their products.
Vietnam’s fruit and vegetable export turnover is likely to hit a record high of 7 billion USD in 2023, driven by the current momentum and steady double-digit growth in recent times.
It is extremely necessary to grasp and understand the new EU regulations such as CBAM and EUDR. Thereby, businesses have plans, measures and roadmaps to adjust export production activities, maintain and develop export markets.
Vietnamese rice now has the highest export prices, distinguishing itself from key competitors, including Thailand and Pakistan, whose prices have fallen.