Trade remedies to be optimised to support domestic industries
Under a recently issued programme, Vietnam is set to step up the use of and response to trade remedies to support the future development of several domestic industries.
The Ministry of Industry and Trade has issued the general programme on the use of and response to trade remedies to support the development of some domestic industries (Photo: VNA)
Hanoi (VNA) – Under a recently issued programme,Vietnam is set to step up the use of and response to trade remedies to supportthe future development of several domestic industries.
The Ministry of Industry and Trade, which issuedthe general programme for the 2018-2020 period, said anti-dumping, anti-subsidyand self-protecting measures are allowed by the World Trade Organisation (WTO),free trade agreements, and other countries to create a fair competitionenvironment to support domestic production sectors.
Amidst Vietnam’s intensive integration into theregional and global economies, trade remedies are becoming an important policytool, helping to enhance the effectiveness of economic integration into the widerworld, it added.
The plan highlights that the application oftrade remedies to support domestic industries’ development must be based on thefull awareness and proper implementation of the Party’s guidelines and theState’s policies for the field. At the same time, relevant agencies have tocomply with all legal regulations and international commitments to whichVietnam is a party.
The programme also noted that mechanisms andpolicies on trade remedies need to take into account national industrialdevelopment strategies and policies, especially those on prioritised sectors,supporting industries, and small- and medium-sized enterprises.
It also specified the key tasks, includingperfecting policies and regulations on trade remedies, enhancing theenforcement of legal regulations on trade remedies, improving domesticindustries’ capacity of using trade remedies, improving state agencies’capacity in this regard, and boosting the protection of sectors’ interests inresponse to other countries’ trade remedies.
The Trade Remedies Authority of Vietnam wasassigned to coordinate the implementation of this programme. –VNA
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The Ministry of Industry and Trade has issued the general programme on the use of and response to trade remedies to support the development of some domestic industries (Photo: VNA) 
