Seminar discusses TFA’s impacts on the custom sector
(VOV) - Fundamental measures proposed in the Trade Facilitation Agreement (TFA) have ensured transparency of information, simplification of formalities and reduction of time, which should bring practical benefits to businesses and state management agencies in the customs field.
Deputy Director General of Vietnam Customs Nguyen Cong Binh made the statement at a seminar in HCM City on November 4 to discuss strategic partnership between the customs and business sector in the implementation of the World Trade Organisation (WTO) TFA.
Mr Binh said implementation of the TFA would help Vietnam integrate into the world economy in a faster and more effective manner.
Nestor Scherbay, Director of CTRMS Vietnam said through the TFA, Vietnam should take full advantage of technical support from the WTO’s donors and international organisations to build a trade facilitation committee which would be responsible for implementing the TFA and other agreements to enhance national competitiveness.
At present, Vietnam’s customs agencies are speeding up administrative reforms based on publicising administrative formalities and customs regulations. At the same time, Vietnam Customs and local agencies have set up support and consulting units to remove difficulties for businesses.