According to commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Japan will eliminate 86 per cent of tariff lines for Viet Nam as soon as the trade pact becomes effective.
The government has issued a decree on Viet Nam''s list of
preferential import tax rates for the 2016-18 period to cut more than
5,000 tariff lines to zero.
The establishment of the ASEAN Economic Community (AEC) this year is expected to bring opportunities and challenges for Viet Nam.Vu Nhu Thang, head of the Ministry of Finance''s External Relations Department, spoke the Vietnam News Agency, about the issues.
The Ministry of Finance (MOF) has called for submissions from government
agencies on a proposal to raise import tariffs in line with the
nation''s World Trade Organisation (WTO) commitments.
Viet Nam has reduced import duties to 0-5 per cent on more than 10,000
tariff lines, or 98 per cent of the total, in accordance with the ASEAN
Trade in Goods Agreement from 2008, said Deputy Head of National
Committee for International Economic...