Decree 10/2018/ND-CP of the Government detailing a number of articles of the Law on Foreign Trade Management on trade remedies

28/01/2018 12:00 - 48 Views

On January 15, 2018, the Government issued Decree 10/2018/ND-CP detailing a number of articles of the Law on Foreign Trade Management on trade remedies.

One of the contents specified in this Decree is the conditions for application of provisional safeguard measures. Accordingly, the Minister of Industry and Trade will decide to apply temporary safeguard measures when there are 4 factors:

 There is an excessive increase in imported goods under investigation; The domestic industry is seriously damaged or threatened with serious damage; The excessive increase in imports causes serious injury or threatens to cause serious damage to the domestic industry; The delay in applying safeguard measures causes serious damage or threatens to cause serious damage to the domestic industry, and such damage is difficult to recover later.

The temporary safeguard measures are applied only in the form of additional import duties. The Minister of Industry and Trade may decide to suspend the application of a temporary safeguard measure ahead of time if necessity.

The Decree (Vietnamese) is attached below:
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Decree 10/2018/ND-CP
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