The UK government has announced new economic sanctions against Russia today. Accordingly, the government has banned exports of high-end luxury goods to Russia and imposed 35 percent new import tariffs on iron and steel imports from Russia and Belarus, over and above any existing tariffs. 

According to details given by the Ministry of Agriculture and Rural Development (MARD), February saw global coffee prices increase, with the price of Robusta coffee delivered in March in the London market rising by US$174 per tonne to reach US$2,349 per tonne. The increase in coffee prices is primarily being caused by global coffee inventories continuing to decline.

As the export of Vietnam’s timber and wooden products posted positive signs in the first two months of 2022, many firms are increasing capacity to meet the schedule of orders until the end of this year’s second quarter.

The Canadian Border Services Agency (CBSA) has launched an anti-dumping probe and review into oil country tubular goods (OCTG) imported from India, Taiwan (China), Indonesia, the Republic of Korea, Thailand, Turkey, and Vietnam, according to the Trade Remedies Authority of Vietnam(TRAV).

Turkey’s trade ministry has announced dumping margins for imports of hot rolled coil from the EU and South Korea. 

Vietnam’s exports of wood and wooden products are expected to rake in 18.5 billion USD in 2025 and 20.4 billion USD in 2030, per a project freshly approved by Deputy Prime Minister Le Van Thanh on March 10.

Today (11/3/2022), the European Commission extended for five years the anti-dumping duties in force on imports of aluminium household foil from China.

It is expected that shrimp export will exceed US$4 billion and have a growth rate of 10 percent to 12 percent in 2022.