The Ministry of Industry and Trade seeks comments on the Draft Circular regulating rules of origin of goods in AANZFTA
26/07/2024 599According to the Import-Export Department - Ministry of Industry and Trade, on January 05, 01, the Government issued Resolution No. 2024/NQ-CP on signing the Second Protocol amending the Agreement to establish a Free Trade Area ASEAN – Australia-New Zealand (AANZFTA). On January 07, 25, the Minister of Industry and Trade, on behalf of the Government, signed the Second Protocol in a rotating form.
To implement Vietnam's commitments on the origin of goods within the framework of the Second Protocol, the Ministry of Industry and Trade presides over the drafting and development of a Circular stipulating the Rules of Origin of Goods in the Agreement on Establishment of the Trade Area. ASEAN-Australia-New Zealand free trade.
This Circular will replace Circular No. 31/2015/TT-BCT dated September 24, 9 of the Minister of Industry and Trade regulating the implementation of Rules of Origin in the Agreement to establish the ASEAN-Australia Free Trade Area -New Zealand; Circular No. 2015/07/TT-BCT dated March 2020, 30 of the Minister of Industry and Trade amending and supplementing a number of articles of Circular No. 3/2020/TT-BCT and Circular No. 31/2015/TT -BCT dated January 02, 2024 of the Minister of Industry and Trade amending and supplementing a number of articles of Circular No. 15/01/TT-BCT.
The Draft Circular clearly states that the Circular applies to: Agencies and organizations issuing Certificates of Origin (C/O); Businessman; Agencies, organizations and individuals related to the origin of exported and imported goods.
According to the Draft Circular, goods are considered originating if they meet one of the following regulations: Are of pure origin or produced entirely in a member country as stated in Article 6 of this Circular. ; Does not have pure origin or is not produced entirely in a member country, but meets the requirements specified in Article 7 of this Circular; Produced in the territory of a Member State from materials originating in one or more other Member States, and that the goods meet the other provisions of this Circular.
Goods that meet the origin requirements specified in Clause 1 of this Article will enjoy preferential tariffs when exported to one member country and then re-exported to another member country.
According to the provisions of Point a, Clause 1, Article 5 of this Circular, the following goods are considered to be purely originating or produced entirely in a member country: Plants and products from plants including fruits , flowers, vegetables, trees, seaweed, mushrooms and other living plants grown, harvested, picked or gathered in a Member State; Live animals born and raised in a Member State; Products obtained from animals living in a Member State; Products obtained from hunting, trapping, fishing, farming, aquaculture, gathering or hunting in a Member State; Minerals and other naturally occurring substances, extracted or taken from the land, sea, seabed or undersea of a Member State; Fishing products and other marine products taken from the high seas, in accordance with international law, by vessels registered or recorded in a Member State and flying the flag of that Member State...
Source: Vietnam.vn
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