The tariff schedule includes 03 Appendixes:
Appendix I - List of goods eligible for 50% reduction in ATIGA tariff rates of Vietnam under the Vietnam - Laos Trade Agreement.
Appendix II - List of goods ineligible for preferential tariff rates under the Vietnam - Laos Trade Agreement.
Appendix III - List of goods eligible for annual tariff-rate quotas under the Vietnam - Laos Trade Agreement.
In principle, imports originating in Lao, except for the imports not included in the List of goods mentioned in Appendixes I, II and III, shall be eligible for a special preferential import tariff rate of 0% if they meet the conditions mentioned in Article 8.
With regard to goods at Appendix I, tariff on which shall be reduced by 50% in comparison with ATIGA tariff rates as promulgated at Decree No. 126/2022/ND-CP. In case ATIGA tariff rates are higher than preferential import tariff rates, the applicable preferential import tariff rates equal 50% of the tariff rates specified in the MFN Tariff Schedule.
With regard to the goods included in the Appendix II, they shall be ineligible for special preferential import tariff rates. For the goods included in the Appendix III, if they are imported within the quota, they shall be eligible for a special preferential import tariff rate of 0%; if they are imported in excess of the quota, they shall apply tariff rates according to the goods at Annex I (with regard to rice) or apply normal tariff rates (with regard to tobacco)
This Decree takes effect from the date of its signing and replaces Decree No. 90/2021/ND-CP dated October 19th, 2021.
|Published||Vietlaw's Newsletter No. 597|