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Level over 7,200 C / O after 1 month of EVFTA implementation (09/07/2020)
Level over 7,200 C / O after 1 month of EVFTA implementation

The Import-Export Department said that the EVFTA Free Trade Agreement, which took effect from August 1, 2020, creates a great opportunity for Vietnam's exports, helping to diversify export markets and commodities, especially. Vietnam's strong export products are subject to high tax cuts such as agricultural products, seafood, furniture, textiles, footwear, electronics ...
Specifically, with EVFTA, goods originating from Vietnam will improve their competitive advantage over goods originating from competitors in the EU market.
The Import and Export Department emphasized that the fact that the data for issuing Certificate of Origin (C / O) form EUR.1 since the EVFTA took effect shows the level of interest of enterprises as well as the importance of this market for Vietnamese exports.
Within a month, when EVFTA took effect (from August 1 to the end of August 31, 2020), authorized organizations issued more than 7,200 sets of C / O samples EUR.1 with a turnover of $ 277 million to 28. EU countries.
The items that have been granted EUR.1 C / O form are mainly footwear, seafood, plastic and plastic products, coffee, textiles, bags, suitcases, vegetables, rattan products, bamboo. , Knit...

Most import markets are countries with ports and distribution and transshipment centers of the EU such as Belgium, Germany, the Netherlands, France and the UK. In particular, many shipments have arrived in the EU market, cleared customs and enjoyed preferential treatment.
Faced with concerns of some exporters that the background color on the C / O is not green, it may affect the preferential tariff treatment for goods exported to some EU markets, The Ministry of Industry and Trade immediately discussed with the EU focal point on this issue.
On August 31, 2020, the EU side gave their feedback, accordingly, the EU accepted the C / O with the current background color as the sample that Vietnam announced to the EU. This is also being notified by the EU to the customs authorities of member countries to ensure that the C / Os in the current form that the issuers of Vietnam issue C / O to the business will not be denied for preferential treatment. tariff treatment.
In the coming time, the Ministry of Industry and Trade will continue to accompany businesses, implement activities to support businesses to take advantage of EVFTA, disseminate and train in-depth on rules of origin, research and modernization of the public. issuing Certificate of Origin (C / O), applying the self-certification mechanism ... At the same time, closely coordinating with the EU to promptly solve problems arising in the real process. Examination Agreement.
Vietnam - EU trade relations have grown rapidly and effectively in the past decade, from 2009 to 2019, the turnover of Vietnam - EU trade relations has increased by more than 13.7 times, from level of 4.1 billion USD in 2000 to 56.45 billion USD in 2019.
In which, Vietnam's exports to the EU increased by 14.8 times (from $ 2.8 billion to $ 41.54 billion) and imports to Vietnam from the EU increased by more than 11.4 times (from $ 1.3 billion to 14.90 billion USD).
In the first 8 months of 2020, despite the effects of epidemics, our country's merchandise exports to the EU market recorded $ 22.9 billion, down 4% over the same period.
In case enterprises need more information on the implementation of the Rules of Origin, they are requested to contact the Import and Export Department directly via email co@moit.gov.vn or xnk-xxhh@moit.gov .vn for instructions.

Source: Ministry of Industry and Trade

 
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