Tuesday, December 10 2019

VietNamNews

Temporary suspension of import and re-export of plywood to the US

Update: November, 14/2019 - 16:08
A factory processing and producing wood in Đà Lạt City in the central province of Lâm Đồng. — VNA/VNS Photo

HÀ NỘI — The  Ministry of Industry and Trade (MoIT) has decided to suspend the import of plywood products to Việt Nam for re-export to the US from December 27 to prevent commercial fraud on goods' origin and illegal transshipment.

This is a key part of the MoIT's newly-issued Circular No 22/2019/TT-BCT, according to the ministry's Department of Import and Export.

It will be applied to traders engaged in trade, temporary import and re-export; management agencies and organisations on merchanting trade, temporary import and re-export; and agencies, organisations and individuals involved in merchanting trade, temporary import and re-export business.

The circular takes effect from December 27 this year to December 31, 2024. — VNS

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