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More than 70 people participated in a training course on rules of origin in the EVFTA

04/08/2020 02:22 PM
On July 15, 2020 in Ho Chi Minh City, Vietnam Textile and Apparel Association (VITAS) in collaboration with Agency of Foreign Trade, Ministry of Industry and Trade of Vietnam organized a training course on Rules of Origin in EVFTA in order to support Vietnamese textile and garment enterprises to fully grasp the rules of origin with more preparation in the context of the EVFTA comes into effect. More than 70 participants from the southern textile & garment enterprises participated in the training course.


















Ms. Nguyen Thi Tuyet Mai - Deputy General Secretary of VITAS gave the opening speech

Speaking at the opening of the class, Ms. Nguyen Thi Tuyet Mai - Deputy General Secretary of VITAS said that the European Union (EU) is currently one of Vietnam's leading trading partners with two-way turnover in 2019 reached 56.45 billion USD, of which exports reached 41.5 billion USD, imports from the EU reached 14.9 billion USD. The EVFTA is expected to boost trade and investment between Vietnam and the EU over the next decade as well as opening the door for Vietnam to participate more deeply in the global value chain.


















 

Panorama of the classroom

Once this Agreement comes into effect, about 90% of tariff lines will be reduced to 0% for Vietnamese goods exported to the EU market. This is an opportunity to increase exports for Vietnam's advantageous goods such as textile, garment, footwear, agriculture and fisheries ... especially, in the context of the COVID-19 pandemic, which is seriously affecting the world economy as well as Vietnam. The implementation of the EVFTA has an important meaning, helping to offset the economic slowdown. However, in order to enjoy tariff preferences, Vietnamese businesses need to meet the rules of origin of the EVFTA.


















 

Ms. Trinh Thi Thu Hien - Head of Goods Origin Department of Agency of Foreign Trade presented

In this class, experts from the Agency of Foreign Trade of the Ministry of Industry and Trade introduced Circular 11/2020 / TT-BCT of the Ministry of Industry and Trade “Regulations on rules of origin of goods in the Free Trade Agreement between Vietnam and European Union”, comparing other points and new points of origin rules, guiding the practice of C/O declaration, applying the Appendices attached to the Circular on the implementation of EVFTA rules of origin, practices as well as some issues to note when implementing the rules of origin for goods exported to Europe ...

 

















Mr. Vu Hung Thinh - Deputy Manager of Goods Origin Department of Agency of Foreign Trade discussed with students

The training course is an opportunity for participants to grasp the information, exchange and share the difficulties and advantages of the unit in the preparation process to meet the rules of origin of the EVFTA. Thereby, it helps businesses to improve their competitiveness with competitors in the region, creates favorable conditions for Vietnam's textile and garment exports to penetrate more effectively into the EU market, and contributes to the sustainable development of each business as well as the textile and garment industry.

Article & photos: Nguyen Binh

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