The ceremony was attended by Mr. Pham Binh Minh, Member of the Politburo, Deputy Prime Minister, Minister of Foreign Affairs; Minister of Industry and Trade Tran Tuan Anh; Ms. Carolyn Turk, Country Director of the World Bank in Vietnam; Mrs. Robyn Mudie, Ambassador of Australia to Vietnam. With the support of the Government of Australia, the Ministry of Industry and Trade and the World Bank (WB) cooperated to start the construction of FTAP from February 2019. After nearly 2 years of implementation, despite many difficulties due to the Covid-19 pandemic, experts from the Ministry of Industry and Trade and the World Bank have completed the final work to launch the first FTAP of Vietnam in address http://fta.moit.gov.vn/
So far, Vietnam has signed 14 regional and bilateral Free Trade Agreements (FTAs) (of which 13 are being implemented), has concluded negotiation 1 and is negotiating 02 Agreements with other parties. other. Among these FTAs, there are 2 new generation FTAs, namely CPTPP and EVFTA. After completing the negotiated FTAs, it can be said that Vietnam has established free trade relations with most of the most important partner countries in the world (except the United States), creating a solid foundation for strengthening and promoting bilateral trade-investment exchanges as well as strengthening international economic integration in the region and globally. In the context of deepening international integration, along with the strong development of Technology 4.0, the idea of a self-contained FTA in Vietnam allows businesses to sit in one seat. being able to look up all the necessary information, especially commitments related to taxes, rules of origin, services and investments, etc. is essential. With the support of the Government of Australia and the World Bank, the Portal on Vietnam's FTAs has been built on the model of the Government's FTA Portal. Australia.
With the establishment of the Portal on Vietnam's FTAs, this is the first time that Vietnam has an intelligent, innovative and meaningful search tool for FTA commitments and related information. greatly in helping the business community and the people make the most of the opportunities from the FTAs that Vietnam has participated in, sending an important message about the determination of the Government of Vietnam to implement the FTAs in a way. most effective through important features. Specifically, FTAP is capable of integrating information in Vietnam's multilateral, regional and bilateral free trade agreements into an intelligent and user-friendly search system. Accordingly, in terms of trade in goods, this portal allows businesses and people to look up the results of tax rates, tax reduction schedule for each specific item under Vietnam's FTAs with other partners, market size characteristics, rules of origin for preferential treatment and procedures to be taken and non-tariff measures that businesses should take into account in the export / import process of that item, etc. Regarding trade in services - investment, this portal allows businesses and people to look up results of commitments to opening the service market - investment related to each service sector / sub-sector or Non-service by service delivery mode as well as information on committed and current relevant legal documents, etc. This will create an important premise for businesses and people to get necessary information quickly and accurately, thereby making the most of the opportunities brought by these FTAs.
FTAP will regularly update the situation and results of the implementation of the FTA Agreements of Vietnam from the regulators at the meetings of the Council and Committees concerned in these Agreements; Legal documents implementing the Vietnam FTA Agreements issued by the regulator will be fully updated on the FTA portal; Data or information on markets with FTA with Vietnam will be regularly updated based on reliable information sources; Conferences, seminars or training courses in the form of live and online will be regularly updated so that businesses or interested organizations and individuals can register to participate. In addition, the publications to support businesses when published will also be posted publicly for businesses or citizens to refer to; All data on this Portal will be displayed in bilingual (Vietnamese and English). Speaking at the ceremony, Minister of Industry and Trade Tran Tuan Anh said that FTAP with a friendly and scientific interface, creating convenience and convenience for users, will be the address to provide direct lookup tools. Smart route for the business community and interested audiences to the commitments of all FTAs to which Vietnam participates, including tax, rules of origin, services and investment commitments, as well as other essential information for business trading such as market situation, import and export regulations, sustainable development, etc, v..v
The search engine designed for FTAP allows any individual or business interested in FTA commitments to have access to a detailed, clear, and simple online guide. as simple as possible, instead of having to do research or contact many different agencies and units to get the information you need. This will minimize time and costs, help businesses take advantage of the most effective opportunities brought about from the FTAs that Vietnam is participating in. Minister Tran Tuan Anh said that the website on Free Trade Agreements was born and officially put into operation, sending an important message about the determination of the Government of Vietnam in bringing FTAs, especially, new generation FTAs come closer to businesses and people. In addition, the completion of FTAP also demonstrates the effective coordination between the Government of Vietnam and the World Bank and the Government of Australia in the economic integration process of Vietnam. In the future, the Ministry of Industry and Trade, the Government of Australia and the World Bank will continue to work together to develop this Portal into a place to provide useful and reliable information for businesses. businesses and people, contributing to improve the efficiency of the implementation of Vietnam's FTAs in the coming time. Link to the Vietnam Free Trade Agreement website (Vietnam FTA Portal), see here: http://fta.moit.gov.vn/
Source: Ministry of Industry and Trade
