Vietnamese deputies push for export-import tariffs law

06/04/2016 12:00 - 510 Views

Vietnamese law makers have called for the draft law on export-import tariffs to be adopted as soon as possible during their ongoing session of the national Assembly (Parliament).

National Assembly deputies said the law will lay a legal foundation to realise commitments regulated in the Trans-Pacific Partnership (TPP) as well as other existing free trade agreements (FTAs), the Vietnamese News Agency has reported. Vietnam has so far joined 10 FTAs and other deals to cut tariffs and make the market more open.

During a recent meeting of the deputies, they also discussed the imposition of trade remedies that allow governments to take action against imports that damage a domestic industry.

A number of lawmakers called for the measure to be stipulated in the law to protect domestic manufacturing and consumers.

Deputy Nguyen Ngoc Bao emphasised the need to consider the market landscape when taking the measure.

Source: ccfgroup.com