TTWTO VCCI - PVTM - Safeguards

Vietnam

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.

Circular No. 19/2019/TT-BCT stipulating the application of special safeguard measures to implement the CPTPP Agreement

21/10/2020

Circular 19/2019/TT-BCT stipulating the application of special safeguard measures to implement the CPTPP Agreement was issued by the Ministry of Industry and Trade on September 30, 2019.

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.