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Laos: Free trade between VN, Laos
Laos: Free trade between VN, Laos
Saturday, 6 August 2016 – More than 95 per cent of commodities between Vi?t Nam and Laos will have tariffs erased or a 50 per cent reduction in tariffs when the bilateral trade agreement and border trade agreement come into effect.
L? An H?i, deputy director of the Asia Pacific Market Department from the Ministry of Industry and Trade (MoIT) of Vi?t Nam made the comment at a conference in H? N?i between the two countries? ministries of Industry and Trade yesterday.
H?i said the bilateral trade agreement was signed in March 2015 with the border trade agreement signed in June the same year. The trade agreement replaces one signed in 1998.
He said under the trade agreement, most goods will access a special tariff that decreases tax to zero per cent or 50 per cent lower than current rates in the ASEAN Trade in Goods Agreement. Read More?