Up to 420,000 C/O certificates for exports to FTA-benefited markets

As much as 21 billion USD worth of goods was given certificates of origin in the first four months to get preferential treatment under FTAs (Photo: VNA)

Hanoi (VNA) – Exportand import management agencies nationwide granted 420,000 certificates oforigin (C/O) for 21 billion USD worth of goods shipped to the markets Vietnamhas signed free trade agreements (FTAs) with in the first four months of 2021.

The Ministry of Industry andTrade (MoIT) said from August 1, 2020, whenthe EU-Vietnam FTA (EVFTA) took effect, to April 4 this year, authorisedagencies and organisations provided about 127,300 sets of the C/O form of EUR.1for over 4.78 billion USD worth of exports to EU member countries.

Besides, enterprises shipping goods to the EUalso conducted self-certification of origin for more than 10.88 million USDworth of commodities to utilize preferentialtariffs under this trade deal.

Theconsiderable value of goods given C/Os to be exported to the EU indicates thatVietnamese businesses have been moving to complying with the rules of origin inthe EVFTA, according to the ministry.

Comparedto the total exports to the markets having FTAs with Vietnam, the goods usingC/Os to benefit from preferential treatment accounts for 33.1 percent.

The figurerespectively stands at 52.01 percent, 38.35 percent, and 31.6 percent when itcomes to shipments to the Republic of Korea, Japan, and China.

So far,Vietnam has signed 15 bilateral and multilateral FTAs, which covers 60economies. Notably, the pacts include the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the EVFTA, which arenew-generation FTAs./.

VNA