Viet Nam to take trade restriction measures to defend itself
(12/11/2003 -- 17:49GMT+7)
Ha Noi, Dec. 11 (VNA)- Viet Nam reserves the right to increase import taxes, impose quotas, duties and other trade restriction measures "in order to defend itself", according to a recent Government decree.
Under the decree that provides guide lines to a state ordinance, seven measures will be taken for trade protection.
However, imports to Viet Nam from less-developed countries are not subject to these measures if they do not exceed three percent of the imported commodities under investigation before self-defence measures are taken.
In addition, restriction measures will also be applied if they exceed nine percent of the imports under investigation for trade protection.
The Ministry of Trade is responsible for conducting an investigation before ruling if the self-defence measures are needed.
