The Eurasian Economic Commission (EEC) recently announced its decision to apply threshold safeguard measures on two groups of Vietnamese textile and garment products exported to the Eurasian Economic Union (EAEU).
The import turnover of these two groups into the EAEU exceeds the 2024 threshold under the free trade agreement between Vietnam and the EAEU.
The two groups include women’s or girls’ clothing, long dresses, skirts and some other types of apparel. The validity period of the threshold safeguard measure is six months. The decision will take effect 30 days after its publication.
The Vietnam’s Ministry of Industry and Trade has sent a document to textile and garment industry associations informing them that member businesses should promptly adjust production and business activities accordingly, domestic media outlets reported.
News Courtesy: Fibre2fashion