Cutting the red-tape of trade, including by reducing costs and increasing customs efficiencies, will make it cheaper, easier, and faster for businesses to get their products to market. In TPP, we are looking to facilitate trade across the TPP region; support the deep integration of U.S. logistics, manufacturing, and other industries in regional supply chains; and reduce costs for U.S. business by removing onerous and opaque customs barriers. Specifically, in the TPP we are seeking: Read more
Washington, D.C., Apr 11, 2014 – U.S. Trade Representative Michael Froman and USAID Administrator Shah met with Ministers, Development Banks, and other representatives to discuss donor efforts to help developing countries implement the new WTO Trade Facilitation Agreement, and ensure coordination among donor entities.
“We will continue to work with other donors and with WTO Members to help developing countries fully implement the WTO Trade Facilitation Agreement, so that all traders can benefit from the reduction in customs costs, delays, and other obstacles to the flow of goods which will result from its implementation,” said Ambassador Froman. Read more
Three of the key performance metrics include ASEAN-6 averages by 2015: reduce time required to start new businesses to no more than 6 days; reduce tax procedures to 171 hours/year; reduce the time for import to 13 days and export 14 days.
AmCham received on Mar 17 the below invitation for a meeting to be held Mar 20, in Hanoi on the new e-Customs systems which will be mandatory for exporters and importers on Apr 1, 2014.
in the business environment quality-cost rankings of The World’s Most Competitive Cities in 2013, by Site Selection and IBM Global Services. But that ranking is based largely on cost factors rather than business environment quality factors. Click the image to left and scroll to page 3 to see the complete rankings list. Read more
An update on the new system, the underlying law, decree, circulars, and international commitments. All exporters and importers will be required to use the system starting Apr 1. View and download the presentation: VNACCS -VCIS & Customs Risk Management, Feb 27, 2014.
We have expressed some concerns and made recommendations to VN Customs in a January 27 letter, including a request for a “grace period” before applying sanctions, in the form of administrative fines or penalties, due to inadvertent errors based on misunderstandings by users or officials, or instances of noncompliance by importers, exporters, customs brokers or logistics providers caused by systems issues; the moratorium should last until 270 days (three quarters of a year) after defined targets, such as publication of the circular(s) providing regulatory guidance, and testing of the system based on a statistically appropriate sample of users under the principle of customs risk management. Read more
The VNACCS/VCIS “Vietnam Single Window” customs system was established in 18 months, a relatively short period, and we feel that we need a period of training, testing, and de-bugging before mandatory implementation. Both customs officials and business users need to understand the system, to minimize errors through training and/or modifications of the system. Read more
Nearly 4,000 import-export enterprises that account for 80% of customs declaration forms will be required to switch to a new system on Apr 1.
Many said that they were familiar with the current e-customs system and not interested in the new one.
VN Customs said the new system would be officially launched on April 1, so there would be implementation problems if few signed up for the project. Read more
“I want to thank the American Chamber of Commerce. The American Chamber of Commerce Vietnam and the Vietnam Chamber of Commerce and industry have made just a gigantic difference here. AmCham’s experience in Vietnam has really ushered in a new era of cooperation for the bilateral trade agreement in 2001, to the WTO session in 2007, and now we are working on the TPP, Trans-Pacific Partnership. I’ll say a word about it.
But just think about this for a minute: Our bilateral trade has grown 50-fold, 50 times since 1995, to more than $25 billion a year now. Vietnam has the potential to become one of the United States’ leading economic partners in the region, and we’re going to continue to work at that. Read more