The negotiation rounds of the Free Trade Agreement between Vietnam and the European Union (EVFTA) was officially announced to be concluded on the late of December, 2015 and is currently in the process of judicial review in preparation for the official signing. The EVFTA and the Trans-Pacific Partnership Agreement (TPP) are two of the largest new generation free trade agreements that Vietnam's largest ever negotiated. With a wide range of commitments, covering many trade or trade-related areas, including issues both at and beyond the border, EVFTA is forecasted to have major influence to legislation institution and economy of Vietnam in the coming period.
Customs and trade facilitation is among the commitments expected to have a direct impact on the efficiency of EVFTA enforcement in the field of trade in goods. Moreover, while most other commitments apply only to the objects and entities within the trade between parties, the application scope of the commitments on customs and trade facilitation is open to all issues in across-border trade in goods. Therefore the review of the Vietnam legal framework against EVFTA commitments on trade facilitate is essential, not only to prepare for the EVFTA implementation but also to be an important factor to contribute to the reform of administrative procedures in import and export, and promote international movement of goods and trade integration of Vietnam.
This Review is in the series of 09 Reviews of Vietnam legal framework against the TPP and EVFTA commitments on major institutional sectors(including Investment, Government Procurement, Intellectual Property, Customs and Trade Facilitation, Transparency, Services Market Access), prepared by the Vietnam Chamber of Commerce and Industry (VCCI) within the framework of 02 stages of the Program: Review Vietnam legal framework against institutional commitments in the new-generation free trade agreements with the support of the Embassy of United Kingdom of Great Britain and Northern Ireland in Vietnam.
We respectfully introduce you Review of Vietnam legal framework on specialized inspection on import and export goods against EVFTA commitments
Please find the Review attached hereunder.