News

US imposes tariff of up to 301% on steel products from China
US imposes tariff of up to 301% on steel products from China

14/01/2020

The United States is imposing a new tariff of up to 301.64% on steel products from China.
Global trading system poised for a new normal
Global trading system poised for a new normal

14/01/2020

The tale of two events at two different points of time demonstrate unusual commonalities. One occurred in 2001, and another is about to take place on January...
New Antidumping and Countervailing Duty Petitions on Wood Mouldings and Millwork Products from Brazil and China
New Antidumping and Countervailing Duty Petitions on Wood Mouldings and Millwork Products from Brazil and China

14/01/2020

The Coalition of American Millwork Producers, on behalf of Bright Wood Corporation, Cascade Wood Products, Inc., Endura Products, Inc., Sierra Pacific Industries, Sunset Moulding, Woodgrain Millwork Inc., and Yuba River Moulding (collectively “petitioners”), on January 8, 2020, filed antidumping (AD) petitions on imports of wood moldings and millwork products from Brazil and China and a countervailing duty (CVD) petition on imports of wood moldings and millwork products from China.
S. Korea faces more trade barriers amid growing protectionism
S. Korea faces more trade barriers amid growing protectionism

14/01/2020

South Korea faced more trade barriers last year amid growing protectionism around the globe spearheaded by the U.S.-China trade war, with steel and chemical industries being primary victims, data showed Thursday.
Complying with origin rules critical for garment exports
Complying with origin rules critical for garment exports

14/01/2020

To take advantage of free trade agreements and expand exports, meeting rules of origin is crucial for the garment and textile sector, industry insiders have said.
VN wood products must focus on designs, branding, industry insiders say
VN wood products must focus on designs, branding, industry insiders say

14/01/2020

Việt Nam’s wood industry needs to focus on improving designs, creating brands and preventing fraudulent activities to ensure healthy growth, an industry meeting heard. 
Vietnam’s steel industry experiences its downs in 2019
Vietnam’s steel industry experiences its downs in 2019

14/01/2020

Recently, cheap imported steel from China, India, Japan and Russia to Vietnam increased rapidly, causing manufacturing and trading activities of the domestic steel industry to face several difficulties. Last year, the amount of steel imported from China was more than 5 million tons, from India and Japan more than 2 million tons, worth around US$10 billion. Meanwhile, steel exports of Vietnam fell by more than 50 percent in both volume and value compared to the previous year. The domestic consumption of steel was also extremely poor. 
More work needed to fight trade fraud, smuggling
More work needed to fight trade fraud, smuggling

14/01/2020

More measures are needed in the fight against trade fraud and illegal cross-border smuggling between Vietnam and other countries, which continues to be a problem, the General Department of Customs has said.
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