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Saturday, February 22, 2025

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More trade barriers

In 2025, due to significant shifts in the global economic and political landscapes, trade defense measures are expected to continue rising, with increasing complexity and larger-scale cases. As a key player in the global supply chain, Vietnam’s export goods are unlikely to escape the “storm” of trade defense measures, particularly from the U.S. market. Cases double, unprecedented investigations Countries often say they are facilitating trade, but in reality, they are setting up trade barriers, including anti-dumping duties, countervailing duties, and other technical restrictions, to protect domestic production. With Vietnam’s total export revenue in 2024 estimated at US$405.53 billion, a 14.3% increase from the previous year, the country has become an increasingly important part of global supply chains. At the same time, it faces growing global trade protectionism, with many nations strengthening their trade defense measures. According to the Trade Remedies Authority under the Ministry of Industry and Trade, last year saw exporters in Vietnam facing 32 new trade defense cases initiated by 12 foreign markets. This figure nearly doubled compared to 2023, which saw 15 cases. The U.S. took the lead, with 11 cases launched, approximately one-third of all cases in 2024. Notably, South Africa initiated its first-ever trade investigation […]
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