The novel coronavirus (COVID-19) pandemic has had a strong impact on the export of Vietnamese agricultural products, especially to major markets such as China, the United States, and the European Union.
The Ministry of Industry and Trade will build an origin tracing system to create a database on goods managed by the ministry to meet customers’ increasing demand on tracing origin of goods.
The Vietnam-EU Free Trade Agreement (EVFTA), although providing tax incentives and new preferential tariffs, will not create new incentives to improve competitiveness and open a wide market for Vietnam's timber products to be exported to the EU in the future.
Local company Bharat Forge Ltd has lodged a complaint with the ministry's investigation arm the Directorate General of Trade Remedies for the review of the duties on imports of front axle beam and steering knuckles, used in heavy and medium commercial vehicles, from China.
The United States and the European Union (EU) on Friday announced a tariff agreement on lobsters and other products in a bid to increase trans-Atlantic market access, calling "the first U.S.-EU negotiated reductions in duties in more than two decades."
The Ministry of Industry and Trade has just sent a report to the Prime Minister on the application of appropriate safeguard measures on sugar products imported from some countries in the ASEAN into the Vietnamese market.
South Korea's trade commission on Thursday made a preliminary decision to extend anti-dumping tariffs on plywood products from China and Malaysia for five years, as it has concluded that such goods can be dumped into the local market when the existing barriers are eliminated.