At the ceremony

The move is part of the efforts to accelerate administrative procedure reforms and facilitate imports and exports of garment and textiles products in line with the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP).

According to Deputy Minister of Industry and Trade Tran Quoc Khanh, member states of the new-generation trade pact account for 13.5 percent of the global GDP, 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 rational mechanism to control the flow of garment imports and exports between the two countries, he stressed, adding that the electronic issuance of C/E will help connect supply chains in both nations.

Attending the launching ceremony, Mexican Ambassador to Vietnam Valdes Bolano described Vietnam as a significant trade partner of the American country while speaking highly of the former’s response to its commitments in the garment and textile sector.

Deputy head of the MoIT’s Foreign Trade Agency Tran Thanh Hai said that, along with CPTPP’s documents and commitments so as to enjoy favourable duties, Vietnam should abide by two exchange letters on garment and textile tariff rate quotas and monitoring system signed between the two industry and trade ministries.

In a bid to receive preferential taxes, exporters are required to have certificate of origin (C/O) and C/E, he added.

Source: VNA