The Ministry of Industry and Trade (MoIT) officially launched an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico. 

HÀ NỘI — The Ministry of Industry and Trade (MoIT) on Thursday officially launched an electronic certificate of eligibility (C/E) issuance system for garment and textile exports to Mexico.

The move is part of 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, Trần Quốc Khánh, member states of the new-generation trade pact account for 13.5 per cent of global GDP, and the CPTPP is expected to bring them many 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 said, adding that the electronic issuance of C/E will help connect supply chains in both nations.

Attending the launch ceremony, Mexican Ambassador to Việt Nam Valdes Bolano described Việt Nam 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 Trần Thanh Hải said that, along with CPTPP’s documents and commitments so as to enjoy favourable duties, Việt Nam 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.

Published On : 20-06-2019

Source : Vietnam News