Timber sector asked to closely track US-China trade war
2018-07-13 16:40:16 / VIETNAMWOOD
VIFORES Vice Chairman Nguyen Ton Quyen said Vietnam’s wood export to the US accounted for 30 percent of the total forestry shipment value in the first half, or over 4.3 billion USD. Signals of export to the US remain stable and exporters have signed contracts for the rest of the year.
He predicted that if the US adds China’s wooden furniture into the list of commodities subject to higher import tariff, Chinese firms are likely to transfer goods to Vietnam to change their origin and seek exports.
Huynh Quang Thanh, President of the Binh Duong Furniture Association and Chairman of the Board of Directors of Hiep Long Wooden Furniture Company, forecast that wood products for export would meet difficulties in the near future, especially regarding those originating from China.
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Source From: VietnamNet
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