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Vietnam exports over 1.7 million tonnes of coffee in 2020

31/12/2020

Vietnam gained 2.7 billion USD from shipping an estimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10 percent of the world’s coffee value and 18 percent of the market share.

Handicraft sector strives to achieve export turnover of US$5 billion by 2025

31/12/2020

The consumption of handicraft products is huge with a total value of over US$100 billion, but the production only accounts for over 2% of consumption demand.

India may impose anti-dumping duty on Chinese PET Resin

31/12/2020

India may impose anti-dumping duty on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China based on an application led by IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries NSE 0.27 %.

UK steel safeguards to remain with new trade accords: HMRC

31/12/2020

The UK's steel import safeguards system – published Sept. 30 for use from Jan 1, 2021 – will still be applicable to some trade between the EU and the UK, and between Turkey and the UK, following the agreement of new trade accords with these partners in recent days, the UK tax department HMRC clarified Dec. 30.

Origin fraud threatens local exporters

31/12/2020

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.

Logistics costs see unprecedented rise due to lack of empty containers

31/12/2020

The Import and Export Sub-Department, has received complaints from businesses and business groups about a shortage of containers that has led to an unprecedented increase in shipping tariffs, Trần Thanh Hải, its deputy director, said.

U.S. Department of Commerce issues affirmative preliminary antidumping duty determinations for Passenger vehicle and light truck tires from Vietnam

31/12/2020

Today, the U.S. Department of Commerce announced affirmative preliminary determinations in the antidumping duty (AD) investigations of passenger vehicle and light truck tires (passenger tires) from South Korea, Taiwan, Thailand, and Vietnam. Commerce preliminarily determined that exporters have dumped passenger tires in the United States at rates of 14.24 to 38.07 percent for South Korea, 52.42 to 98.44 percent for Taiwan, 13.25 to 22.21 percent for Thailand, and 0 to 22.30 percent for Vietnam.

Exports to US estimated at US$76.4 billion in 2020

30/12/2020

Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover surging 24.5% to an estimated US$76.4 billion.