Draft prepared on import tariffs for India trade agreement
The Ministry of Finance is seeking comments on a draft Decree on Special Preferential Import Tariffs for the implementation of the ASEAN - India Free Trade Agreement (AIFTA) in the 2022-2027 period. Under the draft, from December 31, 2021, all tariff lines in Vietnam’s normal track (NT) will fall to 0 per cent and items on the sensitive track (ST), including the highly sensitive list (HSL), will have tax reductions completed by December 31, 2023.