On December 29, 2022, FNA Group, Inc. filed a petition with the US Department of Commerce (DOC) and the US International Trade Commission (ITC) alleging that cold-water gas-powered pressure washers (GPPW) from China and Vietnam are being sold in the US at less than fair value.
FTAs help businesses export and trade more smoothly, but the economic difficulties of the world have forced businesses to diversify and find new markets.
The Government signed and promulgated 16 Decrees specifying Vietnam’s special preferential import tariff schedule for the implementation of the Trade Agreements and Economic Partnership Agreements.
The Association of Man-made Fibre Industry of India (AMFII) has appealed to the Union Finance Ministry to accept the recommendations of the Directorate General of Trade Remedies (DGTR) on levy of anti-dumping duty (ADD) on imports of Viscose Staple Fibre from Indonesia.
As the markets are affected by economic fluctuations, many Vietnamese seafood enterprises have flexibly changed their strategy and boosted exports to niche markets.
Last year was a challenging one for the cashew industry, with exports falling from the previous year, but 2023 might be even worse, according to the VINACAS.
Vietnamese seafood exports to China are expected to boom after China opens its borders and lifts all isolation measures to prevent the COVID-19 pandemic this month.