The Regional Comprehensive Economic Partnership (hereinafter referred to as the RCEP Agreement) is a free trade agreement signed by the 10 members of the Association of Southeast Asian Nations (ASEAN) and the 5 partner countries of ASEAN. Japan, Korea, China, Australia and New Zealand signed on November 15, 2020 on the sidelines of the 37th ASEAN Summit in the year Vietnam is the ASEAN Chair. The RCEP Agreement comes into force on January 1, 2022.

Implementing international commitments in the RCEP Agreement, on February 18, 2022, the Minister of Industry and Trade signed and promulgated Circular No. 05/2022/TT-BCT stipulating the Rules of Origin of goods in the Business Partnership Agreement. regional comprehensive economy. Circular No. 05/2022/TT-BCT includes 04 Chapters, 32 Articles and 4 Appendixes attached.

Circular No. 05/2022/TT-BCT stipulates the contents of the Rules of Origin, including cases in which goods are considered to be originating, cumulative, De Minimis, processing and processing. simple, direct shipping, inspection and certification mechanism of goods origin, etc. The content of these provisions in the RCEP Agreement's Rules of Origin is generally not different from that of the Agreement. ATIGA and a number of ASEAN+1 Agreements to which Vietnam is a member.

Originating goods of Vietnam exported to member countries are considered for preferential tariff treatment within the framework of the RCEP Agreement when a C/O is issued in accordance with the provisions of this Circular. Originating goods imported into Vietnam from member countries shall be considered for preferential tariff treatment under the RCEP Agreement upon submission of C/O or self-certification of origin of goods issued by the exporter. release conditions.

Also in Circular No. 05/2022/TT-BCT, the Ministry of Industry and Trade has internalized the provisions on tax differences due to some countries in the RCEP bloc such as China, Korea, Japan, and Indonesia. a, The Philippines, Thailand and Vietnam apply different import tax rates for the same item to the partner countries.

Terms enforcement:

Circular No. 05/2022/TT-BCT takes effect from April 4, 2022.

C/O-issuing agencies and organizations shall consider issuing C/O form RCEP for Vietnamese exports before the effective date of this Circular in order to enjoy tariff preferences under the provisions of the RCEP Agreement and the country's country. import member

The customs authority of the importing Member State accepts documents certifying the origin of goods issued on or after 1 January 2022. Procedures for checking proof of origin for goods to enjoy preferential tariffs shall comply with the provisions of the RCEP Agreement, the contents specified in Chapter III of this Circular and relevant legal documents. involve.

Source: Nguyen My - https://tapchicongthuong.vn/