Vietnam adds preferential import-export tariffs for Peru
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| Preferential trade deal begin with Peru |
On March 10, the Vietnamese government issued Decree No.21/2022/ND-CP, amending and supplementing some regulations in No.57/2019/ND-CP from 2019. These govern the preferential export tariff and special preferential import tariff for implementation of the CPTPP over the 2019-2022 period.
Vietnam issued the initial decree to honour the commitments on import-export tariffs in line with the CPTPP. This decree was applied for six member countries, namely Australia, Canada, Japan, Mexico, New Zealand, and Singapore, ratifying the agreement as of June 26, 2019.
Last September, the CPTPP came into effect for the Republic of Peru. Therefore, the government has issued the amendment, effective from March 10.
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