09:04 | 23/03/2016 Trade
(VEN) - The Vietnamese trade office in Turkey has been helping businesses to protect their interests in the country given the context of Turkish trade technical barriers creating numerous difficulties for Vietnamese businesses.
Photo: Can Dung
Data from the General Department of Vietnam Customs show that Vietnamese exports to Turkey reached US$1.35 billion in 2015, a 9.87 percent fall compared with 2014. Meanwhile, imports from Turkey grew 13.7 percent, reaching US$149 million. Total bilateral trade reached nearly US$1.64 billion. Despite the decline in export value, Vietnam still recorded a nearly US$1.21 billion trade surplus with Turkey.
Major Vietnamese exports to Turkey included mobile phones (US$670 million), fibers (US$168 million), computers, electronic products and components (US$129.5 million), and textiles and garments (US$38 million. Mobile phones accounted for 49.3 percent of the export value.
Due to geopolitical changes and the slow growth and instability of the Turkish economy, the Turkish government has applied a variety of measures to restrict imports. Specifically, mobile phones, the number-one Vietnamese export to Turkey, are subject to a safeguard investigation. Turkey has imposed anti-dumping taxes on some types of short fiber exports since August 2014 and launched an anti-dumping investigation into some types of long fibers. These actions have had an adverse impact on the value of Vietnamese exports to Turkey, leading to a 50 percent decrease in fiber exports in 2013. Moreover, some countries that are Vietnam’s competitive rivals have signed free trade agreements with Turkey, making it more difficult for Vietnamese goods to enter this market.
In this context, the Vietnamese trade office in Turkey has intensified trade promotion and business support activities through providing Vietnamese and Turkish businesses with updated market information, seeking information about Turkish partners for Vietnamese companies, especially those trading in chemicals, glass products, machinery and equipment.
The office has maintained tight coordination with concerned organizations and businesses to cope with Turkish trade barriers, and proposed measures to deal with the anti-dumping taxes applied to Vietnamese granite, stainless steel pipe and plywood exports to Turkey. It has actively sought information about these investigations from different sources to keep businesses informed of developments.
The Vietnamese trade office in Turkey has maintained tight coordination with concerned organizations and businesses to cope with Turkish trade barriers, and proposed measures to deal with safeguard investigations into Vietnamese granite, stainless steel pipes and plywood.
LE PHU CUONG, VIETNAMESE COMMERCIAL COUNSELOR IN TURKEY