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Early warning system on trade defence to be built

The Ministry of Industry and Trade has just issued an action programme to implement an early warning system on trade defence.
Early warning system on trade defence to be built ảnh 1Processing shrimp for exports (Photo: VNA)

Hanoi (VNA) - The Ministry of Industry and Tradehas just issued an action programme to implement an early warning system ontrade defence.

The early warning system on trade remedies will help improvethe efficiency of international economic integration, and assist investigativeagencies in investigating and handling trade defence cases at home and abroadand resolving disputes at the WTO.

It will also proactively prevent and respond to foreign tradedefence lawsuits, towards sustainable export and ensure the goal of protectingdomestic production.

Along with that, ministries, branches, localities, commodityassociations, overseas Vietnamese representative agencies and the businesscommunity have strengthened their coordination to grasp the situation andregularly update policy adjustments of the country’s major trading partners.

In addition, the Ministry of Industry and Trade will strengthenmonitoring of compliance with international regulations in bilateral andmultilateral trade agreements of domestic enterprises operating in fields whichare at risk of being investigated and applied trade measures; study, review andcomplete domestic and international policies and laws related to trade remedies.

In particular, the ministry will promote internationalcooperation in the field of trade defence in the direction of protecting thelegitimate interests of Vietnamese enterprises in production, trading andimport-export activities./.
VNA
#WTO #Ministry of Industry and Trade #early warning system #trade defence #Vietnamplus #Vietnam News Agency
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