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Update news ATIGA
All cars of ASEAN origin imported into Vietnam will enjoy a tax-free policy until the end of 2027.
Many sugar mills have had to shut down because they cannot compete with imports.
The sugar industry is facing many challenges and unfair competition from imported and smuggled goods, experts told a conference held in Hanoi on December 1.
The Government has issued a resolution approving the first protocol that amends the ASEAN Trade in Goods Agreement (ATIGA).
The weaknesses of the domestic sugar industry and the negative impact from the world sugar market may cause the industry to suffer a new "shock" when ATIGA (ASEAN Trade in Goods Agreement) comes into force.
Domestic sugar companies are worried about losses in the local market as the ASEAN Trade in Goods Agreement (ATIGA) will lower the tax rates for sugar imports from ASEAN markets to only 0%-5% on January 1 next year.
Vietnam’s sugar industry is expected to face a great deal of difficulties as the country will drop tariffs on imported sugar from ASEAN under the ASEAN Trade in Goods Agreement (ATIGA) in 2020.
Comprehensive measures are needed to save the sugar industry.
VietNamNet Bridge - With profits down and inventory up, sugar companies are in their most difficult period of the last 15 years.
The Vietnam Sugar & Sugarcane Association (VSSA) has asked the government to delay the removal of the sugar import quota to 2022 instead of 2018 as committed in ATIGA.
VietNamNet Bridge - The Ministry of Finance (MOF) will make put into force commitments in the ASEAN Trade in Goods Agreement (ATIGA) signed by 10 ASEAN countries to protect two ‘particularly sensitive’ products – sugar and rice.
VietNamNet Bridge - Thousands of items of goods from Southeast Asian countries are no longer subject to import duties from January 1, 2015, as part of Vietnam’s commitment under the ASEAN Trade in Goods Agreement (ATIGA) from 2015 to 2018.
Vietnam on January 1 slashed tariffs on thousands of items imported from Southeast Asian countries in accordance with commitments to the ASEAN Trade in Goods Agreement (ATIGA) in 2015-2018.
VietNamNet Bridge – The ASEAN Trade in Goods Agreement (ATIGA) is a free trade and investment agreement that has provided investors with a unique set of guarantees designed to stimulate foreign direct investment