Nearly 5,000 tariff lines has been above 0 percent

4,959 import tariffs, accounting for 52.4 per cent of the total, has been above 0 percent after the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) comes into effect.

In 2018, 144 tariff lines will be completed eliminated, increasing the number of zero-tax lines 5,103, or 54 per cent of the total.

The government has drafted tax tables on preferential import tariffs to implement the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) in the 2016-2018 period.

According to the Vietnam’s commitments in the free trade agreement (FTA) between Vietnam and EAEU, the special preferential import tariff includes 9,471 tariff lines (not including 87 CKD tariff lines); each of the two sides will offer level of market opening in goods that account for about 90% of tariff lines, equivalent to over 90% of bilateral trade.

By Che Han – Translated by Kim Khanh

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