ASEAN, Czech Republic look to standardise customs procedures

The Association of Southeast Asia Nations (ASEAN) Committee in coordination with the Customs Administration of the Czech Republic has held a webinar to introduce the electronic customs of the European country.

ASEAN, Czech Republic look to standardise customs procedures

Indonesian Ambassador to the Czech Republic Kenssy Dwi Ekaningsih, who is also Chairwoman of the ASEAN Committee in Prague, and Trousir Jiri, Deputy Director General of the Customs Administration of the Czech Republic, co-chaired the event.

It attracted the participation of more than 30 delegates from six embassies of ASEAN countries in Prague and representatives of the Czech businesses.

Tomaš Kocourek, an expert in charge of customs clearance procedures, gave an overview of the Czech customs system.

He said the customs regulations of the country were unified and complied with that of the EU. However, member countries can decide for themselves on value-added tax (VAT) and special consumption tax.

In his presentation, the expert also introduced in detail customs clearance procedures for export, import, and shipment operations in the Czech Republic, including procedures for registration of electronic signatures, registration for customs inspection.

Only about two percent of customs clearance cases in the country are conducted in the traditional form and the rest are all done through electronic customs, he said.

Participants at the webinar shared opinions on factors such as product standardisation, certification of origin, and freight transport procedures.

According to Vietnam Trade Counselor in the Czech Republic Nguyen Thi Hong Thuy, the workshop aims to establish relationships with local customs authorities, creating information channels and cooperation toward simplifying procedures, facilitating the growth of trade in goods between ASEAN and the Czech Republic.

 

She suggested that more seminars should be organised with specific themes to connect businesses in member countries as well as other organisations specialising in animal and plant quarantine or trade marks regulations.

She said ASEAN countries are a potential market and a promising investment environment that the Czech state and businesses are interested in the near future.

ASEAN countries recognise that traditional handicrafts, agricultural products, food and essential consumer goods have many opportunities to enter the Czech market, she said, adding that this is also a bridge to penetrate the EU market.

In terms of two-way trade relations, Vietnam is the second largest country in ASEAN after Malaysia in import and export turnover with the Czech Republic.

Thuy also said the EU-Vietnam Free Trade Agreement (EVFTA) brings many benefits to Vietnam and the EU, including the Czech Republic, one of the first countries to ratify it.

One of the biggest benefits of the EVFTA is the elimination of 99 percent of tariffs, which saves costs for Vietnamese, Czech and EU exporters and importers. This creates opportunities for Czech businesses to export goods in areas where the country has strengths such as textile-garment industry, glass, automobile, mechanical engineering, food, and chemical.

Vietnam has an action plan to implement the binding provisions of the free trade agreement, including a commitment to sustainable fisheries management, Thuy said, adding that the country has made great efforts in combating illegal, unregulated and unreported (IUU) fishing to meet standards relating to the environment.

Sourcce: VNA

Vietnam FTA portal to be upgarded

Vietnam FTA portal to be upgarded

The Vietnam Free Trade Agreement Portal (FTAP) with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's FTAs implementation.  

 
 

Other News

.
Export outlook depends on virus control
Export outlook depends on virus control
BUSINESSicon  08/09/2021 

Vietnam's exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by the Ministry of Industry and Trade. 

VN businesses need new measures for long-term fight against pandemic
VN businesses need new measures for long-term fight against pandemic
FEATUREicon  08/09/2021 

Businesses are bearing severe impacts from Covid-19 developments and social distancing campaigns.

Overseas Vietnamese firms are suppliers of Vietnamese goods to foreign markets
Overseas Vietnamese firms are suppliers of Vietnamese goods to foreign markets
BUSINESSicon  07/09/2021 

The overseas Vietnamese business community is an important distribution channel to bring Vietnamese goods to the world market, said Minister of Industry and Trade Nguyen Hong Dien.

Welcoming the 'upgraded' CAEXPO
Welcoming the 'upgraded' CAEXPO
BUSINESSicon  07/09/2021 

The 18th China-ASEAN Expo (CAEXPO) will kick off in Nanning, China as scheduled, and here comes the "CAEXPO Moment" again.

Bank stocks decline sharply during pandemic
Bank stocks decline sharply during pandemic
BUSINESSicon  07/09/2021 

Banking stocks have continuously corrected since the beginning of July, with market analysts forecasting the decline in bank asset quality as due to the COVID-19 pandemic.

VIETNAM BUSINESS NEWS SEPTEMBER 7
VIETNAM BUSINESS NEWS SEPTEMBER 7
BUSINESSicon  07/09/2021 

Market extends rally after long holiday on pillar stocks

Deposit interest rates fall, deposits drop to 10-year low
Deposit interest rates fall, deposits drop to 10-year low
BUSINESSicon  06/09/2021 

Commercial banks continued easing deposit interest rates in late August, causing deposits at banks to fall to a 10-year low.

45-day social distancing has hurt Hanoi's economy but public health has been protected
45-day social distancing has hurt Hanoi's economy but public health has been protected
FEATUREicon  07/09/2021 

Hanoi’s economy has suffered heavily from social distancing and travel restrictions over the last 45 days, but in exchange the Covid-19 outbreak has been under control.

All-round report on Vietnam’s startup ecosystem to be unveiled
All-round report on Vietnam’s startup ecosystem to be unveiled
BUSINESSicon  06/09/2021 

The Vietnam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local startup and innovation ecosystem so far, is set to be released in December.

Vietnam's steel sales increase due to exports
Vietnam's steel sales increase due to exports
BUSINESSicon  06/09/2021 

Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).

Pro-competitive policies in logistics sector can help Vietnam recover from the pandemic
Pro-competitive policies in logistics sector can help Vietnam recover from the pandemic
BUSINESSicon  06/09/2021 

Pro-competitive policies can help Vietnam continue its progress in logistics sector and help the country recover quickly from the impacts of the pandemic, the Organisation of Economic Co-operation and Development said in its two latest reports.

Foreign investors withdraw cash, but will return soon: experts
Foreign investors withdraw cash, but will return soon: experts
BUSINESSicon  07/09/2021 

Market experts forecast that foreign investors will undertake strong net buying in the fourth quarter of this year to prepare for next year’s economic recovery after large-scale immunisation campaigns.

VIETNAM BUSINESS NEWS SEPTEMBER 6
VIETNAM BUSINESS NEWS SEPTEMBER 6
BUSINESSicon  06/09/2021 

E-commerce sales in Vietnam expected to reach $56 billion in next five years

E-commerce platforms resume delivery in HCM City as ban is lifted in red zones
E-commerce platforms resume delivery in HCM City as ban is lifted in red zones
BUSINESSicon  06/09/2021 

E-commerce platforms have resumed deliveries in HCM City and some of the city’s extremely high risk areas (red zones) since August 30, a week after they were banned.

Mooncake makers face unprecedented difficulties
Mooncake makers face unprecedented difficulties
BUSINESSicon  06/09/2021 

Online sales are being implemented by mooncake businesses with a variety of products from the common to the high-end.

Vietnam manufacturing output declines on Covid-19 outbreak
Vietnam manufacturing output declines on Covid-19 outbreak
BUSINESSicon  05/09/2021 

Vietnam’s manufacturers are facing an uphill task to keep operation amid restriction measures.

VIETNAM BUSINESS NEWS SEPTEMBER 5
VIETNAM BUSINESS NEWS SEPTEMBER 5
BUSINESSicon  05/09/2021 

Ports see increase in goods handling despite COVID-19

Finance Ministry urges stricter control over risky corporate bonds in Vietnam
Finance Ministry urges stricter control over risky corporate bonds in Vietnam
BUSINESSicon  05/09/2021 

The Ministry of Finance (MoF) has tightened control over risky corporate bond issuance.

More sci-tech content in upcoming China-ASEAN Expo
More sci-tech content in upcoming China-ASEAN Expo
BUSINESSicon  06/09/2021 

The whole universe hidden in the VR glasses, magnificent images shown on transparent screens, unmanned aircraft applied in seeding and fertilization..., sci-tech exhibition has become the new hot spot in the China-ASEAN Expo (CAEXPO) in recent years.

VIETNAM BUSINESS NEWS SEPTEMBER 4
VIETNAM BUSINESS NEWS SEPTEMBER 4
BUSINESSicon  04/09/2021 

Vietnam scores high in employee experience

 
 
 
Leave your comment on an article

OR QUICK LOGIN