GUIDE THE IMPLEMENTATION OF TRADE REMEDIES IN THE RCEP
On March 23, 2022, the Ministry of Industry and Trade issues the Circular No. 07/2022/TT-BCT guiding the implementation of trade remedies in the Regional Comprehensive Economic Partnership (RCEP).
Accordingly, the investigating authority is obliged to notify in writing to the member states subject to investigation of the receipt of the dossiers of request for anti-dumping investigation at least 7 days before the Minister of Industry and Trade decides on investigating the application of anti-dumping measures.
Besides, provisional transitional RCEP safeguard measures and transitional RCEP safeguard measures shall not be applied to a good originating from a member state that satisfies the following conditions:
Firstly, the share of imports of the concerned good originating from that member state in terms of volume and quantity does not exceed 3% of the total imports of that good from all the member states;
Secondly, the total share of imports of the concerned good originating from member states specified at Point a of this Clause in terms of volume and quantity does not exceed 9% of the total imports of that good from all the member states.
Noticeably, transitional RCEP safeguard measures shall not be applied for a term of 1 year from the effective date of the first elimination or reduction of customs duties on goods originating from member states as committed in the RCEP.
This Circular takes effect on May 08, 2022.
