TTWTO VCCI - PVTM - Safeguards

Vietnam

Circular No. 07/2022/TT-BCT guiding the implementation of trade remedy measures in the RCEP

18/04/2023

Date: March 23, 2022

By: The Ministry of Industry and Trade

Circular No. 14/2021/TT-BCT guiding the implementation of the UKVFTA on Trade Remedies

08/11/2021

Date: October 29, 2021

By: Ministry of Industry and Trade

Circular No. 30/2020/TT-BCT guides the implementation of EVFTA regarding trade remedies

04/12/2020

The EVFTA was signed and officially entered into force on August 1, 2020. The content of trade remedies is specified in chapter 3 of the Agreement, including measures to protect members’ domestic production industry protection in the event of unfair competition (dumping/subsidy) and/or a sudden increase in imported goods, leading to damage to the domestic industry due to the implementation the Agreement.

WTO

Agreement on safeguards

26/08/2008

Article XIX of the General Agreement allows a GATT member to take a “safeguard” action to protect a specific domestic industry from an unforeseen increase of imports of any product which is causing, or which is likely to cause, serious injury to the industry.