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Vietnam To Crack Down on Illegal Transshipment in CN, Tighten Control of Sensitive Products to CN: Wire
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Vietnam would prepare to crack down on Chinese goods being shipped to the US in an effort to lower US tariffs, and tighten controls on sensitive product exports to China, hoping to reduce US tariffs on Vietnam from 46% to 22-28%, Reuters quoted sources as saying. Earlier, officials, including White House trade adviser Peter Navarro, warned that Chinese exports to the US would be labeled “Made in Vietnam” in order to qualify for lower tariffs. The Vietnamese government announced yesterday (10th) that it had begun trade talks with the US and would crack down on trade fraud, but did not provide specific details. It has been reported that the Vietnamese government has ordered trade ministry and customs officials to formulate plans to combat illegal transshipment. Trade between China and Vietnam is essentially mutually beneficial, and believed that Vietnam would make a choice in line with its own long-term interests and the overall situation of mutually beneficial cooperation between the two countries, a spokesman for the Ministry of Foreign Affairs of the PRC (MoFA) said. Vietnam would impose stricter measures on sensitive goods from the US to China via Vietnam, especially dual-use products such as semiconductors, the report added. AAStocks Financial News |
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