Textile and garment exports to the US to be facilitated
VietNamNet Bridge, Vietnam
VietNamnet Bridge – The Ministry of Trade’s issuance of permits for textile and garment exports to the US beginning on Mar. 15 does not cause any difficulties to businesses or their limit volumes of exported products, according to managers, economists and relevant businesses.
Talking with the Thuong Mai (Commerce) newspaper, Deputy Trade Minister Le Danh Vinh said that the permits are issued online in a simple and transparent manner.
This is a temporary solution pending the network connection between the Ministry of Trade and the General Customs Department to supply data for the supervision and control of textile and garment exports to the US .
Deputy Minister Vinh stressed that the mechanism will help better monitor export growth, ensure stable development and long-term interest for textile and garment exporters, particularly in preventing unplanned exports which could easily lead to anti-dumping suits by the US side.
The supervision aims to increase importers’ confidence, raise the value of export products, and minimise the number of low-price export products, Vinh added.
A survey jointly conducted by the Ministries of Trade and Industry showed that more than 85 percent of textile and garment businesses agreed on the need for export permit issuing and registering delivery plans every quarter.
An executive from the Ho Guom joint stock garment company – a business that has received an export permit and is preparing to ship its first batches of goods in accordance with the new regulations – said that the issuance of permits is necessary because it will help prevent the export of goods transported from other countries into Viet Nam .
Economists said that the state management agencies’ decision received support from relevant businesses which reflects Viet Nam ‘s initiatives in improving export products’ quality, ensuring the origin of goods and preventing trade frauds in import-export activities. These moves aim to take advantages of the process to remove textile and garment export quotas while implementing WTO commitments.
Speaking at a seminar on anti-dumping lawsuits against goods imported into the US held in Ha Noi recently, lawyer William H. Barringer from Vinson and Elkins Law Company in the US , said Vietnam ‘s implementation of the mechanism to control the textile and garment export is a necessary measure.
However, he said, to ensure the effectiveness of these measures, in addition to carefully studying the developments of the US market, it is necessary to have precise data on specific characters regarding Viet Nam’s textile and garment sector, as well as other foreign producers of similar products in order to have proper inspection measures, so that inspection measures will not affect the development of Vietnam’s textile and garment industry.
Textiles and garments remains Viet Nam ‘s largest contributor of export value, and the sector’s earnings have continually grown in recent years. The sector earned an export value of nearly $6 billion in 2014, more than $1 billion in the first two months of this year. The figure is expected to exceed $7 billion this year.
(Source: VNA)
