Title: Decree 07/2020/ND-CP on Vietnam's Special Preferential Import Tariffs for the Implementation of the ASEAN - Hong Kong, China Free Trade Agreement for the period of 2019-2022

Type: Decree

Issuing Agency: Government

Responsible Agency: Relevant Agencies

Issuing Date: 05-01-2020

04 conditions for goods to enjoy special preferential import tax rates

On January 5, 2020, the Government issued Decree 07/2020/ND-CP on Vietnam's special preferential import tariff schedule to implement the ASEAN - Hong Kong, China Free Trade Agreement. 2019 - 2022.

Accordingly, imported goods subject to the special preferential import tax rate (AHKFTA) must meet four conditions: They are included in the Special Preferential Import Tariff; imported from the member countries of the ASEAN - Hong Kong Free Trade Agreement, China; goods are transported directly from the exporting country; The goods meet the regulations of origin of goods and have C / O form AHK as prescribed.

In which, goods transported directly from the exporting country are understood as goods transported between two member countries or mediated through many member countries or through 01 non-member country. In case of intermediate goods passing through many member countries or through 01 non-member country, the following conditions must be met: Transit goods are necessary for geographical reasons or transport requirements; do not participate in commercial transactions, do not consume there; without going through any other processing or processing stages.

The Decree takes effect from February 20, 2020.

Download Vietnamese: Decree 07/2020/ND-CP on Vietnam's Special Preferential Import Tariffs for the Implementation of the ASEAN - Hong Kong, China Free Trade Agreement for the period of 2019-2022