VCN - The Minister of Industry and Trade recently signed theissuance of Circular No. 06/2020 / TT-BCT amending and supplementing articles of Circular No. 03/2019 / TT-BCT regulating rules of goods origin in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
|CPTPP eases pathway for Vietnamese exports to Canada, Mexico|
|Regulations on goods origin in CPTPP revised from May 8th|
|Timely issuance of new C / O forms will help businesses take advantage of tariff preferences and better exploit markets in the CPTPP. Photo: Internet|
In particular, new C / O formsin the CPTPP attached to this circular have beenamended and supplemented at boxes 1, 2, 3, 5 and 11. The guidelines for declaring new C / O formshave beenamended in accordance with Circular No. 06/2020 / TT-BCT at the attached appendix.
The timely issuance of new C / O forms under Circular No. 06/2020 / TT-BCT, replacing the former forms in Circular No. 03/2019 / TT-BCT, helps solve problems of some businesses upon exports to some CPTPP markets and creates more favorable conditions for businesses in taking advantage of opportunities from enjoying tariff preferences in theagreement.
Circular No. 06/2020 / TT-BCT will take effect from May 8, 2020. C/O issuers willgrant new C/O forms on the same day with the effective date of the circular.
Previously, the CPTPP agreement, which came into effect in Vietnam on January 14, 2019, provided opportunities for Vietnamese exporters to expand markets and enjoy tariff preferences, especially inmarkets that Vietnam has not had free trade agreements in like Canada, Mexico andPeru.
For businesses to take advantage of tariff preferences when the CPTPP is effective, the Ministry of Industry and Trade issued Circular No. 03/2019 / TT-BCT dated January 22 2019, regulating rules of goods origin in the CPTPP agreement and guiding documents.
Before businesses’ comments on the fact that some CPTPP member countries said new C/O forms in the CPTPP of Vietnam lacks statements proving the origin of manufacturers and exporters as prescribed in section 9, Appendix 3- B of the agreement, the Ministry of Industry and Trade has requested C/O issuers guide traders to declare this content in C / O forms in the CPTPP at the request of the importer.
Along with that, the Ministry of Industry and Trade will also review and amend Circular 03/2019 / TT-BCT to add the above-mentioned content.
By Thanh Nguyen/ Huyen Trang