CONDITIONS FOR APPLY TEMPORARY SAFEGUARD MEASURES
On January 15, 2018, the Government issued Decree No. 10/2018/ND-CP on guiding the Law on Foreign Trade Management on Trade Remedies.
One of the content that prescribed in this Decree is conditions for apply temporary safeguard measures. Accordingly, the Minister of Industry and Trade shall impose the temporary safeguard measures upon the 4 following factors: There is an excessive increase in the import of goods under consideration; The domestic industry is suffered from serious damage or threatened with serious damage; The excessive increase in the import of goods specified in Point a of this Clause causes or may cause serious damage to the domestic industry; The delay in imposition of safeguard measures causes or may cause serious damage to the domestic industry that are hard to recover from later.
Temporary safeguard measures shall be applied only in the form of additional import tariff. The Minister of Industry and Trade may suspend the imposition of safeguard measures ahead of time if necessary.
This Decree takes effect on the signing date.
