Headlines 30/03/2022 13:36 CH

Contents of petition for application of transitional RCEP safeguard measures

Minh Châu

On March 23, 2022, the Minister of Industry and Trade promulgated Circular No. 07/2022/TT-BCT providing guidance on implementation of trade remedies in the Regional Comprehensive Economic Partnership (RCEP) Agreement.

According to the Circular, a petition for application of transitional RCEP safeguard measures shall contain:

- Name, address and necessary information of the organization or individual that is a representative of domestic production industry;

- Information, data and evidence for determining the representative of domestic production industry, etc.

- Names and addresses of producers of similar goods that support or oppose the measures;

- Description of imports that are eligible for special preferential import tariff according to RCEP Agreement and have to undergo investigation for application of transitional RCEP safeguard measures, etc.

- Description of similar goods or directly competitive goods of domestic production industry, etc.

- Information about the volume, quantity and value of goods within 3 years before submission of the documentation and at least 6 months after the RCEP Agreement comes into force; etc.

- Specific requirements for application of the transitional RCEP safeguard measures, duration and level of application.

For more details, see Circular No. 07/2022/TT-BCT effective from May 08, 2022.
 

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