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FREE TRADE AGREEMENT BETWEEN THE SOCIALIST REPUBLIC OF VIET NAM AND EUROPEAN UNION (EVFTA)

In addition to import duties, Vietnam and the EU also impose tariff rate quotas (HNTQ) on a few goods originating from the other Party. The content of this commitment is specified in Part B - Tariff-rate quotas, Annex 2-A of the EVFTA Agreement, including the main principles, specific commitments by each item, together with regulations and requirements. corresponding to the issue of recognition test.

Commitment to the EU's international judgment

Mechanism of management and allocation of cognitive activities

The EU will manage non-compliance in accordance with EU law, with the aim of facilitating trade between the Parties in the direction of making the most of the amount of non-compliance.

The products of origin imported into the EU within the above quota will be exempt from import tax. For the above quota, import duties will be applied according to the levels in the EU schedule of commitments specified in Annex 2A1 to the EVFTA Agreement.

Commitment to the recognition of Vietnam

Vietnam still maintains the application of IR under WTO commitments with regard to quotas, management methods and other terms and conditions related to the distribution of IR. Quota rates on goods imported from the EU will be gradually eliminated in 11 years from the date of entry into force of EVFTA.