Apparel
exports to US under dumping watch (Vietnam)
According to a latest report by US customs many Vietnamese
apparel exports were put under dumping watch due to their low
rates. As a result, Vietnamese Ministry of Industry and Trade
has advised local textile exporters to focus on high-value
apparel exports to US.
DOC data showed that of the eight Vietnamese apparel items
placed under dumping watch by the department, shirts posted the
highest rise of 31%. It further stated that Vietnam's apparel
exports to the US rose by 20% to US $927 million in the first
quarter this year. DOC started scrutinizing import of Vietnam
textile and apparel products soon after lifting quotas following
Vietnam's accession to the WTO in January 2007.
Chairman of the Vietnam Textile and Apparel Association
(VITAS), Le Quoc An, has said that the apparel exports to the US
this year will be at the adequate level. Mr. An has estimated,
based on export turnover in the first five months of the year,
that the apparel exports in June witnessed the growth rate of
25%. Last year, when the quota scheme was still applied, the
average growth rate of apparel export to the US was 21%.
Regarding the export price, he said that the processing unit
price remained firm, just witnessing slight decreases compared
to last year’s levels though the processing fee could be lower
thanks to the removal of the quota fee. The Ministry of Industry
and Trade and Vitas together will try to access the officials’
circle of the US DOC to lobby to ease the barriers for Vietnam’s
apparel exports. The country’s export target of $7.5 billion is
still expected to be achieved as enterprises have been trying to
expand export markets, while not relying heavily on the US
market.
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