Vietnamese may face antidumping investigation
Trade adviser says chances of action are ‘high’
By Furniture Today Staff -- Furniture Today, February 27, 2008
HO CHI MINH CITY, Vietnam — Vietnamese furniture exporters might face a U.S. antidumping investigation, a Vietnamese official said at a meeting here.
According to a report on the VietnamNet Bridge Web site, Ngo Van Thoan, Vietnam’s trade counselor in the United States, said the risk of legal action against Vietnamese furniture exporters was “high.”
U.S. importers already pay antidumping duties on Chinese wooden bedroom furniture, but no antidumping petition against Vietnamese furniture imports has been filed with U.S. officials.
Thoan said Vietnamese furniture exports to the United States rose 36% last year to more than $1.2 billion.
To read the story, click here.
http://english.vietnamnet.vn/biz/2008/02/770682/
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What a miserable industry. I'm forced to decide between the lines I represent and the prosperity of American manufacturing.
But the domestic manufacturers are a bunch of lazy whiners, unable or unwilling to reinvest in their businesses to remain competitive. As soon as Vietnam becomes a serious threat they complain to the Government and the prospect of tariffs comes about. If they claim it's because the Vietnamese are dumping they are deluding themselves. What else is new.
The irony is that American manufacturing will come back on it's own, without the aid of the Government and the suffering of importers, reps, retailers, and consumers. If inflation keeps on this pace and interest rates keep going down, the value of the dollar will continue to plummet and we will eventually become the third world country we are protecting ourselves from.
- 2008-28-2 17:27:52 EST -
It is refreshing to hear that US furniture manufacturers in conjunction with the US Government are actively trying to protect the industry from demise attributable to dumping by Asia, et.all. I hope that all industries will get the same kind of attention.
Personally, I have respect for everyone, live and let live. The growth rate in Asia's exports is at the cost of North American manufacturing, as well as, Asian workers so desperate for employment they allow themselves to be treated like indentured servants.
Could North Americans be far behind?
- 2008-27-2 05:38:43 EST
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