Binh Phuoc: Training on certificate of origin for imported and exported cashew nuts

Members and businesses in the province participate in the training conference.

Currently, Vietnam participates in 17 free trade agreements (FTAs). These agreements help Vietnamese enterprises expand their markets as well as take advantage of tax incentives. However, to effectively take advantage of the agreements, enterprises must obtain a certificate of origin (C/O), issued by a competent authority to prove the origin of the goods in order to be exempted from import tax.

Speaking at the conference, Chairman of Binh Phuoc Cashew Association Vu Thai Son said that many Binh Phuoc enterprises have participated in cashew nut import and export activities to international markets. Therefore, declaring the name of goods and origin to apply for C/O is very necessary. If business owners and import-export staff do not follow the correct procedures, it will cause huge losses.

Chairman of Binh Phuoc Cashew Association Vu Thai Son speaks at the conference

With the importance of certifying the origin of imported and exported cashew nuts, at the conference, experts from the Ministry of Industry and Trade conveyed to members of the Cashew Association and businesses in the province about the mechanism, principles, and procedures for filling out each form to apply for C/O for export to markets, avoiding unnecessary violations.

Binh Phuoc is a major cashew production and import-export province in the country. Information from the training conference helps members and businesses of the province apply it in the process of effectively importing and exporting cashew nuts, improving the province's import-export capacity as well as enhancing international economic integration.

Source: https://baobinhphuoc.com.vn/news/4/173148/binh-phuoc-dao-tao-chung-nhan-xuat-xu-cho-dieu-nhan-xuat-nhap-khau