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News

Wood export has high growth during the pandemic

24/03/2021

From the beginning of the year, the export of wood and wood products recorded impressive growth. Orders of many businesses are quite abundant with positive market signals; the wood industry has a favorable start towards the target of exporting US$14 billion for the whole year

U.S. Lowers Anti-dumping Duty on Korean Wire Rods to 0.9%

22/03/2021

The U.S. Department of Commerce recently finalized an anti-dumping tariff rate of 0.94 percent for POSCO products in its first annual review of Korean carbon alloy wire rods, the Korea International Trade Association (KITA) said on March 21. The anti-dumping tariff rate was lowered by more than 40 percentage points from 41.1 percent previously confirmed in the original trial in March 2018.

Korea: Technical Barriers to Trade Continuing to Increase

22/03/2021

The Korea Chamber of Commerce and Industry said in its report on March 21 that technical barriers to trade (TBTs) have increased at an annual average of 11 percent since the establishment of the WTO in 1995.

US appeals WTO panel report on S Korea over tariffs

22/03/2021

The US has appealed a World Trade Organisation's panel report in favour of Seoul over Washington's high tariffs on South Korea's steel and power transformer products.

Agro-fishery exports to China face challenges due to COVID-19

22/03/2021

Vietnamese agricultural and fishery exports to China have encountered numerous difficulties caused by the COVID-19 pandemic due to the customs clearance capacity of goods at border gates yet to be operating at full capacity, according to the Ministry of Industry and Trade (MoIT).

Regulation on goods exempted from export, import tariffs under int’l treaties

22/03/2021

The Government’s Decree No.18/2021/ND-CP dated March 11, 2021 has added a stipulation on the exemption of export and import duties of goods in line with international treaties to which Vietnam is a member.

US: DOC Issues Final AD and CVD Determinations on Imported Mattresses; ITC Will Complete Its Final Injury Investigation

22/03/2021

DOC today released its final determinations in the antidumping duty (AD) investigations of mattresses imported from Cambodia, Indonesia, Malaysia, Serbia, Thailand, Turkey and Vietnam and the countervailing duty (CVD) investigation of mattresses imported from China.

Garment exports to Eurasian Economic Union might have exceeded quota

22/03/2021

Some textile and garment items which are entitled to preferential tariffs in the Eurasian Economic Union under a bilateral free trade agreement exceeded the quota last year.