On 26/06/2019, the Government issued Decree No. 57/2019/ND-CP stipulating preferential export tariffs and special preferential import tariffs to implement a comprehensive and progressive partnership agreement. Trans-Pacific period 2019-2022 takes effect on 26/06/2019.
Accordingly, Decree No. 57/2019/ND-CP has the following outstanding contents:
– The Decree promulgates the Preferential Export Tariff for the implementation of the CPTPP Agreement and the Special Preferential Tariff for the implementation of the CPTPP Agreement; List of goods and special preferential import tariffs for used cars applying tariff quotas to implement CPTPP Agreement.
– Preferential export tax rates will follow periods when exported to each country for each item.
– Non-preferential items of the Export Tariff are subject to a 0% tax rate when exported to the Australian territory; Canada; Japan; Mexican Federation; New Zealand; Republic of Singapore.
– Particularly preferential import tax rates and goods items subject to tariff quotas shall apply according to stages imported from the countries prescribed for each goods code.
Thus, Decree No. 57/2019/ND-CP has detailed regulations on goods codes, description of goods, export and import tax rates when Vietnam implements CPTPP Agreement period 2019-2022.