The committee members said joining the convention will facilitate international trade and harmonize procedures for temporary management, thus helping management agencies better control import for re-export and export for re-import.

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The National Assembly (NA) Standing Committee agrees to the Government’s proposal on joining the 1990 Istanbul Convention on Temporary Admission.
Chairman of the NA Committee for External Relations Nguyen Van Giau said countries joining the convention will have more options to apply temporary storage of goods, in addition to the transit of goods which is being applied in Vietnam.

The Standing Committee required the Government to submit a report assessing potential impacts of the convention.

The committee also backed the signing of a Memorandum of Understanding (MoU) on implementing the “Early Harvest” of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement (CBTA), saying that it is necessary to promote the transport of people and goods,

The committee entrusted the Government to conduct all necessary procedures to sign the document.

NA deputies evaluated that the draft MoU does not run counter to the Constitution 2013 and it is basically suitable with legal regulations in Vietnam.

Some committee members called for further clarification regarding mutual recognition and harmonization of technical standards of motor vehicles among GMS countries to ensure the effective application of the MoU.

Guidance documents for the implementation of the MoU should pay attention to building specific criteria in the selection of domestic transport operators to provide cross-border road transport permission under the agreement.

Source: VNA