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Vietnam, RoK cooperate to streamline customs procedures

The protocol amending the Vietnam - Republic of Korea (RoK) agreement on cooperation and mutual assistance in customs officially came into force on September 10.
Vietnam, RoK cooperate to streamline customs procedures ảnh 1Containers of goods at the RoK's Hanjin Incheon Port (Photo: AFP/VNA)
Seoul (VNA) – The protocolamending the Vietnam - Republic of Korea (RoK) agreement on cooperation andmutual assistance in customs officially came into force on September 10.

The document, signed last December, will provide a legal basis for expanding customs clearance benefits suchas streamlining procedures for Korean firms to export goods to Vietnam,according the RoK’s Ministry of Foreign Affairs.

Vietnam and the RoK signed theagreement on cooperation and mutual assistance in customs in 1995. In 2018,they agreed to consider amending this deal to reflect the changing tradingenvironment and the upward trend in bilateral trade, and to boost support forexporters and importers.

Anofficial of the RoK’s Foreign Ministry said the implementation of this protocolis expected to further fuel the recovery of trade with Vietnam, a large trade partner of the RoK, and enhance the competitiveness of Korean exporters andimporters./.
VNA
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