Export and import management agencies nationwide granted 420,000 certificates of origin (C/O) for 21 billion USD worth of goods shipped to the markets Vietnam has signed free trade agreements (FTAs) with in the first four months of 2021.
As much as 21 billion USD worth of goods was given certificates of origin in the first four months to get preferential treatment under FTAs (Photo: VNA) – Export
and import management agencies nationwide granted 420,000 certificates of
origin (C/O) for 21 billion USD worth of goods shipped to the markets Vietnam
has signed free trade agreements (FTAs) with in the first four months of 2021.
The Ministry of Industry and
Trade (MoIT) said from August 1, 2020, when
the EU-Vietnam FTA (EVFTA) took effect, to April 4 this year, authorised
agencies and organisations provided about 127,300 sets of the C/O form of EUR.1
for over 4.78 billion USD worth of exports to EU member countries.
Besides, enterprises shipping goods to the EU
also conducted self-certification of origin for more than 10.88 million USD
worth of commodities to utilize preferential
tariffs under this trade deal.
The
considerable value of goods given C/Os to be exported to the EU indicates that
Vietnamese businesses have been moving to complying with the rules of origin in
the EVFTA, according to the ministry.
Compared
to the total exports to the markets having FTAs with Vietnam, the goods using
C/Os to benefit from preferential treatment accounts for 33.1 percent.
The figure
respectively stands at 52.01 percent, 38.35 percent, and 31.6 percent when it
comes to shipments to the Republic of Korea, Japan, and China.
So far,
Vietnam has signed 15 bilateral and multilateral FTAs, which covers 60
economies. Notably, the pacts include the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP) and the EVFTA, which are
new-generation FTAs./.