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The Ministry of Finance chaired on customs management and trade facilitation in CPTPP

15:28 | 25/06/2019

VCN – Prime Minister Nguyen Xuan Phuc has signed a decision to assign focal point agencies for implementing the Comprehensive and Trans-Pacific Partnership (CPTPP) agreement.

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Member countries of CPTPP

The Ministry of Industry and Trade is in charge of implementing the following contents: Initial provisions and general definitions; cross-border trade in services; competition policy; cooperation and strengthen capacity; improve competitiveness and facilitate business operations; rules of origin and procedures for certification of origin; safeguarding measures; and temporary entry for businessmen.

The Ministry of Agriculture and Rural Development is responsible for food safety, veterinary and phytosanitary.

The content of customs management and trade facilitation would be chaired by the Ministry of Finance. In addition, the Ministry of Finance also chaired the contents related to taxes, insurance and securities.

The PM assigned the Ministry of Industry and Trade to chair and coordinate with the ministries and focal point agencies in specifying the tasks, authorities and operational mechanisms of the assigned focal point agencies and to promptly report to the Prime Minister about the changes in the implementation process, ensuring the continuity of the agreement.

The CPTPP is a new generation free trade agreements including 11 member countries. For Vietnam, the agreement became valid on January 14, 2019.

By Hương Dịu/Thanh Thuy