The rate at which Vietnamese exporters are utilising tariff incentives remains below expectations. A major reason is that many products still fail to meet the agreement’s strict rules of origin, preventing them from qualifying for preferential tariffs.
Flexible rules of origin in the European Union-Việt Nam Free Trade Agreement (EVFTA) will help local plastic enterprises take full advantage of preferential tariffs when exporting to the EU market.
Ensuring that rules of origin (ROO) are kept “simple and more business-friendly” will enhance trade among APEC economies, experts said at a workshop held in HCM City on Tuesday.
Applying the Rules of Origin of Goods in Asean Trade In Goods Agreement (ATIGA) will help enterprises enjoy preferential tax rates and manage compliance costs that enterprises must bear under the form of documents and accounting cost.
