Vietnam’s exports and imports rose over 24 percent year-on-year in the first quarter, driven by the country’s free trade agreements (FTAs), an expert has said.
The UK Trade Remedies Investigations Directorate (TRID) has preliminarily recommended that the country's steel safeguard be extended for three years for most products with the 25pc duty remaining, but some products will be removed from its scope.
The total volume of goods passing through Vietnam’s seaports reached nearly 296 million tonnes in the first five months of this year, up 5 percent year-on-year despite the serious impact of the COVID-19 pandemic.
The sharp rise in the prices of inputs used in the steel, wood processing and other sectors is exacerbating difficulties for companies in these pandemic times.
Vietnam has become alternative sourcing region along with India and Turkey, which have experienced sustained levels of growth despite COVID-19 pandemic, the article says.
On a dark day this time last year, as farmers were still going hell for leather seeding, China announced the result of its anti-dumping investigation. A real kick in the guts and didn’t leave much time for changing seeding plans.
The U.S. and the European Union agreed this week to resume talks on lifting American steel and aluminum tariffs in a step toward resolving trade tensions as both sides see a more pressing challenge in China.
This week, the United States International Trade Commission (USITC) voted to maintain existing countervailing duty and antidumping orders on imports of steel nails from a number of countries. The decision came as part of a five-year sunset review.
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