Decree expands scope of CPTPP
Malaysia, Chile and Brunei now included, having ratified the agreement.
Topic: preferential import tariffs
Use of FTA preferences falling
Utilization rates down to 32.7 per cent in 2021 from 39.7 per cent in 2017.
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.