Cashew exports to the EU. Local exporters should register the REX code to enjoy preferential tariffs. (Photo cafef.vn) Hanoi (VNA) - The Import-Export Department under the Ministry of Industry andTrade has urged local exporters shipping to the European Union (EU), Norway andSwitzerland to register for REX as soon as possible.
REX, or registered exportersystem, is a system of certification of origin of goods based onself-certification granted by the European Commission (EC) under theGeneralised System of Preferences Treatment (GSP) that is the tariff fordeveloping countries. The system has been used to gradually replace thecertification of origin of goods (C/O) form A.
The Vietnam Chamber of Commerce and Industry (VCCI) has been in charge of implementingthe registration of REX code for businesses under a decision of the Minister ofIndustry and Trade.
The department said Vietnam is among countries implementing the registration ofREX code in 2019 and will be extended for the end of C/O form A by the end ofJune 2020. The EU’s customs will not accept the C/O form A for exporters registeringREX code.
The ministry has urged the VCCI to speed up the registration for businesses toensure that domestic exporters could enjoy the GSP.
The VCCI's statistics showed that there have been more than 1,200 firmsregistering for the REX code so far. Another 280 companies are waiting forapproval.
However, the number was still modest. There are two months left for thedeadline, requiring firms to quickly complete the registration./.
VNA
