First protocol to amend ATIGA is ratified

By Huong Diu/Ngoc Loan

20:18 | 29/07/2020 Regulations Follow english.haiquanonline.com.vn on

VCN- The Government has issued a resolution ratifying the first protocol to amend the ASEAN Trade in Goods Agreement (ATIGA) signed on January 22, 2019.

	Customs authority can accept expired C/O on force majeure clause
	At the time of ATIGA, sugarcane is still struggling
	Sugar industry sees bitter side of ATIGA’s impacts

first protocol to amend atiga is ratified

Illustrative photo.

The Government assigns the Ministry of Industry and Trade to lead and work with the Ministry of Finance to implement the protocol and support the business community in effectively taking advantage of opportunities, rights and interests during the implementation.

The Ministry of Foreign Affairs shall carry out external procedures according to regulations before August 1, 2020.

The ATIGA was signed in February 2009 and took effect on May 17,2010, formerly known as the agreement on Common Effective Preferential TariffScheme for the ASEAN Free Trade Area (CEPT/AFTA) signed in 1992.

ATIGA is ASEAN’s first comprehensive agreement to amend all intra-regional trade in goods and is built on the basis of a combination of tariff reduction/elimination commitments agreed in CEPT/AFTA and relevant treaties and protocols.

Vietnam joined ASEAN in1995 and implemented CEPT/AFTA since 1996 and later continued to implement ATIGA.

In ATIGA, ASEAN countries give each other similar or more favorable concessions than those for their partners in Free Trade Agreements (FTAs) signed by ASEAN (FTA ASEAN+).

In addition to tariff commitments, ATIGA also includes many other commitments such as elimination of non-tariff barriers, rules of origin, trade facilitation, customs, standards and conformance, sanitary and phytosanitary measures.

By Huong Diu/Ngoc Loan

Tags:

Related News

Import and export turnover reaches about US$29 billion in the second half of January 2025

14:52 | 14/02/2025 Import-Export

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

09:58 | 06/02/2025 Import-Export

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.

Highlights of imports and exports in 2024

20:30 | 25/01/2025 Import-Export

VCN – In 2024, import and export set a new record of US$786.29 billion, including many outstanding results from key markets and industries.

Vietnam-China trade hits record of US$200 billion

16:45 | 19/01/2025 Import-Export

VCN – Vietnam-China trade reached a new record of US$ 200 billion in 2024. However, the country’s deficit grows, the General Department reports.

Latest News

Consulting on customs control for e-commerce imports and exports

14:50 | 14/02/2025 Regulations

VCN- The General Department of Vietnam Customs (GDVC) consults widely on the draft Decree regulating customs control for e-commerce imports and exports.

Flexible tax policy to propel Việt Nam’s economic growth in 2025

14:14 | 06/02/2025 Regulations

The Vietnamese government has extended and enhanced tax relief for 2025, offering reductions and deferrals to boost economic growth.

Brandnew e-commerce law to address policy gaps

18:44 | 29/01/2025 Regulations

The proposed law seeks to address gaps in existing regulations and keep pace with technological advancements and evolving business models.

From January 1, 2025: 13 product codes increase export tax to 20%

14:23 | 29/12/2024 Regulations

VCN - According to the Export Tariff (XK) issued with Decree 26/2023/ND-CP, from January 1, 2025, there will be 13 commodity codes with an export tax rate of 20%.

More News

Export tax rates of 13 commodity codes to increase to 20% from January 1, 2025

13:46 | 28/12/2024 Regulations

VCN – According to the Export Tariff issued with Decree 26/2023/ND-CP, the tax rates of 13 commodity codes will increase to 20% from January 1, 2025.

Proposal to reduce 30% of land rent in 2024

14:58 | 25/12/2024 Regulations

VCN - The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.

Resolve problems related to tax procedures and policies for businesses

13:54 | 22/12/2024 Regulations

VCN - Immediately after the end of the Dialogue Conference between the Ministry of Finance and enterprises on tax and customs policies and administrative procedures in 2024, the General Department of Customs proactively removed obstacles related to tax procedures and policies for the business community.

New regulations on procurement, exploitation, and leasing of public assets

09:17 | 15/12/2024 Regulations

VCN - Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes. These include updates on authority, methods of asset exploitation in agencies and units, plans for leasing, joint ventures, and partnerships in public service units, as well as centralized procurement procedures.

Actively listening to the voice of the business community

09:39 | 12/12/2024 Customs

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.

Step up negotiations on customs commitments within the FTA framework

09:44 | 08/12/2024 Regulations

VCN - Promoting negotiations on customs commitments within the framework of free trade agreements (FTAs) plays an important role in facilitating import and export activities. These commitments not only help optimize the customs clearance process but also minimize costs and risks for businesses, opening up great opportunities for Vietnamese goods to access deeper into the international market.

Proposal to amend regulations on goods circulation

13:45 | 06/12/2024 Regulations

VCN - To perfect the policy on customs procedures, inspection and supervision, enterprises and associations have contributed many ideas from practical activities. Thereby, the Drafting Committee (General Department of Customs) has more perspectives to build policies to meet the goal of facilitating trade and ensuring state management of customs.

Review of VAT exemptions for imported machinery and equipment

10:31 | 05/12/2024 Regulations

VCN - The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural production.

Customs tightens oversight on e-commerce imports

13:39 | 04/12/2024 Regulations

VCN - The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms, addressing ambiguities and ensuring consistent enforcement across provincial and municipal customs departments.

Your care

Latest Most read