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Huge export surplus contains many potential concerns

13/01/2021

Talking to reporters from Customs News, Prof. Le Quoc Phuong, former Deputy Director of the Industrial and Commercial Center (Ministry of Industry and Trade), said that the trade surplus in 2020 is an unprecedented figure, demonstrating a great effort in the context of the Covid-19 pandemic. However, the huge export surplus also has many potential concerns.

Vietnam’s record export surplus

11/01/2021

In 2020, despite the Covid-19 pandemic, Vietnam maintained its export surplus momentum and reached the highest trade surplus ever to date. The export results in 2021 are expected to be more impressive than 2020 if the pandemic is well controlled.

Turkey Opens Anti-Dumping Probe on EU, S. Korea Hot-Rolled Coil

11/01/2021

Turkey started an anti-dumping probe on imports of a type of steel known as hot-rolled coil from the European Union and South Korea in what appeared to be a retaliatory step after the bloc increased tariffs on Turkish products.

This Morning in Metals: E.U. hits Turkish iron, steel with duties

11/01/2021

This morning in metals news: new E.U. duties on iron and steel imports from Turkey take effect today; meanwhile, the Aluminum Association commented on President-elect Joe Biden’s nomination for the post of secretary of commerce; and natural gas prices fell to their lowest levels in decades last year.

China raises import quota on Australian wool

11/01/2021

China has raised its import quota on Australian wool this year, Australia’s Department of Foreign Affairs and Trade said on Saturday, a rare positive sign in increasingly strained relations between the two countries.

Anti-dumping duties on phthalic anhydride: 5-year extension proposed for Russia

11/01/2021

Japan exempted; removal of duty may affect domestic industry, says DGTR

Shrimp exporters eye over US$4 billion in export in 2021

11/01/2021

Following the implementation of several free trade agreements (FTAs), shrimp exports in 2021 are anticipated to increase by 15% compared to last year, to reach over US$4 billion in revenue, according to insiders.

GDVC releases Customs statistical information dissemination timetable for import and export goods in 2021

11/01/2021

The General Department of Vietnam Customs (GDVC) has just released the Customs statistical information dissemination timetable for import and export goods in 2021.