On April 20, 2018, the Ministry of Industry and Trade issued Circular No.06/2018/ TT-BCT detailing some measures on trade remedies. The Circular took effect since June 15, 2018.
Accordingly, the remarkable contents of the Circular No.06/2018/TT-BCT regulates on the exemption of trade remedies, specifically as follows:
– The imported goods have different characteristics from similar goods, directly competitive goods are produced domestically, the same goods, directly competitive goods produced by the domestic industry can not be replaced;
– The import goods being special products of similar or directly competitive goods produced in the country;
– The similar goods, directly competitive goods produced domestically may not be sold on the domestic market under the same conditions;
– The volume of similar goods and directly competitive goods produced domestically is not enough to meet the domestic demand.
– For dossiers requesting the exemption of trade remedies received by the Investigation Agency from the decision on the results of trade remedies review promulgated by the Minister of Industry and Trade, the time limit exemption from the date of the decision to apply a provisional or official trade remedies or a decision on the results of trade remedies review that is in effect until December 31 of the year in which the exemption decision was issued.
– For dossiers requesting the exemption of safeguard remedies received by the Investigation Agency, the time limit exemption is one year, counting from January 1 to December 31 of the following year.
– For additional dossiers requesting the exemption of trade received by the Investigation Agency, the time limit exemption is counted from the date of receipt of the complete and valid exemption dossiers until December 31 of the year in which the exemption decision was issued.
With specific and detailed regulations, Circular No.06/2018/TT-BCT provides the scope and time limit for the exemption of trade remedies in accordance with international practice, at the same time, ensuring the development of domestic manufacturing enterprises.
