Vietnamese corresponding organisms coincided today that the elimination of import tariffs in the next Economic Community of the Asian Southeast will generate strong competitive pressure on national enterprises.
During a seminar held here the director of the Depart ment of Multilateral policy of the Ministry of Industry and Trade, Luong Hoang Thai, said they plan that by 2018 the zero tax will be applied on 97 percent of products coming from the rest of the 10 nations of the Asean regional bloc
The forum focused around a list of preferential tariffs to execute the Agreement on Trade of Merchandises (Atiga) in the period 2015-2018 and the opportunities for the domestic companies.
As informed Ha Huy Tung, Deputy chief for Cooperation of the Ministry of Finance, until the end of 2014, Vietnam eliminated approximately 72 percent of the tariffs on exports and imports related to Asean. .
He detailed that from January this year, reductions were made on one thousand 706 dispositions and eliminated another 669, in ítems he described as sensitive in trade with the bloc, which included automobiles, motors and its components, vegetable oils and electronic devices.
On the contrary, a group of ítems, among which cigarettes, explosives and weapons, will never benefit from the elimination of tariffs, he pointed.
He forecast that the application of the tax zero in one thousand 706 imports will increase the value of imports and the value of imports as well as the tendency of trade operations with the Associations of Southeast Asian Nations (Asean).
However, he appreciated that the value of national exports will not rise, as Singapur, Thailand, Brunei, Malaysia, Indonesia and Philippines, the most developed members of Asean, applied the tax zero for all Vietnamese merchandise since 2010.
The expert said the competitive capacity of national enterprises in finances and technology was still limited, recommending to raise investment in sectors of bigger advantages and lay out strategies for production and businesses on the short and long term.
According to the Ministry of Industry and Trade (MIT), the Asian Southeast bloc is the second biggest emitter of merchandises and the third receiver of Vietnamese export products, after the United States and the European Union.
Source: http://www.plenglish.com
Key words: Expected in Vietnam Competitive Pressure, Regional Community, AEC
