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| Related parties, including producers, exporters and organizations that grant C/O, have to keep the C/O data for five years from issuing date instead of the current three years. -- Photo tapchitaichinh.vn |
Viet Nam News
HÀ NỘI – The industry and trade ministry has enforced Circular No. 22/2016/TT-BCT, which pertains to the use of electronic certificate of origin (C/O) under the ASEAN Trade in Goods Agreement (ATIGA).
The circular, which comes into effect on November 15, stipulates that electronic C/Os will be created based on the ‘C/O of D’ sample and can be transferred online through the ASEAN single window system.
An electronic C/O will have the same legal effect as a physical, paper C/O. It can be applied, granted and used as a paper C/O.
The checks on electronic C/O applications will be similar to those on the paper ones. Related parties, including producers, exporters and organizations that grant C/O, have to keep the C/O data for five years from issuing date instead of the current three years.
The circular replaces the Circular No 42/2014/TT-BCT.
At the start of the year, ASEAN member countries agreed to review some of the content in the ATIGA. Later, the ASEAN secretary board submitted a request to the mid-term ASEAN Free Trade Area (AFTA) for the revision of two items - one, a list of information and technology goods, and two, administrative procedures for granting C/O and check-ups to apply C/O. In March, AFTA approved the list of the Information and Technology Agreement (ITA) as per HS 2012. – VNS
