The Ministry of Industry and Trade (MoIT) officially launches an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico on June 20. (Photo: VNA)Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) officially launchedan electronic certificate of eligibility (C/E) issuance system for garment andtextile exports to Mexico on June 20.
The move is part of the efforts to accelerate administrative procedure reformsand facilitate imports and exports of garment and textiles products in linewith the Comprehensive and Progressive Agreement for Trans Pacific Partnership(CPTPP).
According to Deputy Minister of Industry and Trade Tran Quoc Khanh, memberstates of the new-generation trade pact account for 13.5 percent of the globalGDP, and the CPTPP is expected to bring them wonderful trade opportunities,particularly in the garment and textile sector.
The MoIT has worked with competent authorities in Mexico to build a rationalmechanism to control the flow of garment imports and exports between the twocountries, he stressed, adding that the electronic issuance of C/E will help connectsupply chains in both nations.
Attending the launching ceremony, Mexican Ambassador to Vietnam Valdes Bolanodescribed Vietnam as a significant trade partner of the American country whilespeaking highly of the former’s response to its commitments in the garment andtextile sector.
Deputy head of the MoIT’s Foreign Trade Agency Tran Thanh Hai said that, alongwith CPTPP’s documents and commitments so as to enjoy favourable duties,Vietnam should abide by two exchange letters on garment and textile tariff ratequotas and monitoring system signed between the two industry and tradeministries.
In a bid to receive preferential taxes, exporters are required to havecertificate of origin (C/O) and C/E, he added.-VNA
VNA
