MoIT sets up working groups for EVFTA

May 26th at 09:54
26-05-2020 09:54:20+07:00

MoIT sets up working groups for EVFTA

The Import and Export Department under the Ministry of Industry and Trade has set up different working groups to implement the the EU-Viet Nam Free Trade Agreement (EVFTA).

 

The department said it will deploy 25 tasks into five key working groups for the agreement.

The first group includes building and issuing legal documents. In detail, it will focus on building a circular on rules of origin of goods in the EVFTA in June; studies and exchanges with EVFTA's related agencies in ASEAN countries and South Korea for implementing the joint mechanism under the agreement.

The first group will also coordinate with the Ministry of Agriculture and Rural Development to guide the registration process of certifying export rice to the EU to enjoy preferential tariffs; research and develop regulations on refurbished goods as committed.

The second group is to take advantage of the EVFTA to boost exports with research on tastes and demand of EU consumers and the supply and production capacity in Viet Nam to clarify which products have best strengths to enjoy the preferential tariffs as early as the second quarter of 2020 so that they can have a good start after the EVFTA takes effect.

The third group will monitor the import and export of Vietnamese goods to the EU market, update new EU policies and management measures that may affect local exports; the situation of using EVFTA preferential origins and periodic reporting to have timely advisory measures to ensure the effectiveness in making the most of EVFTA's incentives.

The fourth group will take charge in communicating and spreading information about the EVFTA to the local associations and business communities so that they can understand the benefits of the agreement, and make the best preparations when joining the EU market.

The last working group is the strengthening of state management of the certification of origin and combating frauds of goods origin. The Import and Export Department will support Vietnamese enterprises in technical handling, implementation and review when required to check and verify origin from the EU in case of necessity to protect their main interests.

A representative of the department said: “To prevent origin fraud we will set up delegations to directly inspect and verify the originating at the manufacturing facility of the enterprise to ensure the implementation of the EVFTA’s rules of origin.”

bizhub



NEWS SAME CATEGORY

Vietnam’s textile and garment companies suffer from JCPenney bankruptcy

Once JCPenney files for bankruptcy, hundreds of textile and garment stores, including those in Vietnam, will have to cease and desist orders.

Deadly new seafood virus should be prevented: Ministry

The Ministry of Agriculture and Rural Development (MARD) has called for strengthening the management of seafood transportation across the border.

Transforming factories of the future

The smart manufacturing market is expected to grow rapidly by 2030, promising significant profit margins for factories and warehouses utilising 5G technology. Denis...

MoIT to help local firms cope with trade remedies

The Ministry of Industry and Trade (MoIT) is planning to increase the number of training courses it organises on trade remedies for the domestic production industry.

VN’s fruit, vegetable imports from US shoot up

 The US has become Viet Nam’s largest supplier of fruits and vegetables after a 44 per cent increase year-on-year in the first four months of the year to US$102.1...

US-led trade network could strengthen Vietnam’s place in global supply chains

Vietnam can entrench itself in global supply chains if the U.S. forms a network of partners to reduce reliance on China, analysts said.

M&A in Vietnam’s hospitality industry lures foreign investors post-Covid

M&A in hotels and resorts is expected to thrive as the social distancing orders have left devastating affects on low-end hotels and budget accommodations.

Telecom industry expects high growth in next 5 years

Five sectors of telecoms, information and technology, clean agriculture, clean technologies, retail, health care and pharmaceuticals have potential for high growth...

EVN calls for investment in solar power plants on reservoirs

Home to nearly 7,000 reservoirs covering millions of square kilometres, Vietnam has the conditions necessary to develop solar power plants on water surfaces, with...

Agribusinesses rocked by twin negative impacts

In spite of several highlights, the agricultural picture remains gloomy due to twin blows of climate change and coronavirus.


MOST READ


Back To Top