The fact that the United States has not recognized Vietnam as a market economy means that Vietnamese enterprises exporting goods to the US market will continue to be discriminated against in US anti-dumping and anti-subsidy investigations.
According to the Ministry of Industry and Trade, if the US Department of Commerce had reviewed the records and practices in Vietnam objectively and fairly, it would have been able to acknowledge the fact that Vietnam is a market economy as recognized by 72 other economies, including major economies such as the UK, Canada, Mexico, Australia, Japan, India, South Korea, New Zealand, etc. The Ministry of Industry and Trade affirmed that over the past 20 years, the Vietnamese economy has undergone remarkable changes and developments. Vietnam has signed and successfully implemented 17 free trade agreements. These include new-generation, high-standard free trade agreements with the European Union, CPTPP countries, and the United Kingdom with many extensive, comprehensive commitments from tax cuts to improving labor standards, environmental protection, ensuring sustainable development, government procurement, transparency, etc. These changes have been clarified in more than 20,000 pages of information and documents that the Vietnamese Ministry of Industry and Trade sent to the US Department of Commerce. This demonstrates Vietnam's strong progress on all six criteria that the US Department of Commerce sets out when considering recognizing a country as a market economy. The Ministry of Industry and Trade said that the arguments it provided to the US Department of Commerce also fully and consistently demonstrate that Vietnam's implementation of these six criteria is at least equal to and often better than that of other countries that have been recognized as market economies. "And in fact, it is equivalent to or better than countries that have always been considered market economies," the Ministry of Industry and Trade emphasized. Therefore, based on the specific criteria of US law, the recognition of a market economy for Vietnam is an objective and fair reality. Through this announcement, the Ministry of Industry and Trade thanked 41 organizations, individuals, and US business and trade associations that expressed strong support for recognizing Vietnam as a market economy. Among them are organizations and individuals representing US businesses such as the National Agricultural Association of the United States (NASDA), the American Chamber of Commerce (AmCham), the US-ASEAN Business Council (USABC), and the American Retailers Association, and hopes to continue to receive the support of the above organizations and individuals. In the coming time, the Ministry of Industry and Trade will study and analyze the arguments in the US Department of Commerce's report on Vietnam's economy. The goal is to supplement and complete the argument to submit a dossier requesting the US Department of Commerce to review the market economy status for Vietnam. In addition, the Ministry of Industry and Trade affirms that it will accompany Vietnamese enterprises exporting to the US market in anti-dumping and anti-subsidy investigations to ensure the highest benefits for the Vietnamese business community. According to Section 771 of the US Tariff Act of 1930, the six criteria for considering a market economy country include: The degree of currency convertibility; The issue of wage and salary negotiations between employees and employers; The level of foreign investment in economic activities; The issue of state ownership and private ownership; The level of government control over some resources and prices and other factors.
Vietnam.vn
Comment (0)