|Decree 05 stipulates tariff and import quotas specifically for rice and unprocessed tobacco leaves originating from Cambodia__Photo: VNA
The Government on January 24 issued Decree 05 on special preferential import tariffs for Cambodian goods, as part of the implementation of the Vietnam-Cambodia trade promotion agreement for the 2023-24 period.
The decree provides details on special preferential tax rates and conditions for being entitled to those rates, including being on the list in Appendix I to the decree, having C/O form S issued by authorized agencies of Cambodia, and being transported through pairs of border gates stipulated in Appendix III to the decree.
Besides, the decree also stipulates tariff and import quotas specifically for rice and unprocessed tobacco leaves originating from Cambodia.
Under the decree, rice products produced with the support of Vietnamese firms, households and individuals in Cambodian provinces bordering Vietnam, upon import into Vietnam, must comply with existing regulations on export and import taxes.
For rice and unprocessed tobacco leaves originating from Cambodia and imported into Vietnam by Vietnamese enterprises for re-export to other markets, the decree mandates adherence to the temporary import and re-export mechanisms, established by the Vietnamese Government and relevant regional and global agreements signed by both countries.- (VLLF)