21:01 (GMT +7) - Friday 06/12/2019

Business

US sharing best practices on preventing origin fraud

Released at: 16:29, 14/11/2019

US sharing best practices on preventing origin fraud

Photo: USAID

Workshop on international best practices to prevent origin fraud, illegal transshipment, and evasion of trade remedies held on November 14 in Hanoi.

by Phi Linh

The US Agency for International Development (USAID) in Vietnam, in cooperation with the Ministry of Finance (MoF) and the Ministry of Industry and Trade (MoIT), convened a workshop on international best practices to prevent origin fraud, illegal transshipment, and the evasion of trade remedies on November 14 in Hanoi.

Deputy Director General of the General Department of Vietnam Customs Mai Xuan Thanh chaired the workshop and USAID Vietnam Mission Director Michael Greene and Deputy Minister of Finance Vu Thi Mai presented opening remarks.

The workshop featured presentations from Vietnam Customs, MoIT, US Customs and Border Protection, the European Anti-Fraud Office, Japan Customs, and the Vietnam Chamber of Commerce and Industry (VCCI).

Origin fraud, illegal transshipment, and the circumvention of trade remedies harms the healthy bilateral trade relationship between Vietnam and the US and other important trading partners, as well as compliant businesses.

The government has made significant progress in implementing an interagency project approved by the Prime Minister in July to strengthen efforts to tackle the circumvention of trade remedies and origin fraud, while Vietnam Customs has issued guidance and instructions to all customs departments to inspect and accurately determine the origin of goods and to identify and investigate illegal transshipments.

Many initiatives have also been deployed to increase awareness of the issues among import-export enterprises and business associations. To complement current efforts, MoF and MoIT have committed to taking more proactive steps to promote interagency cooperation to inspect, determine, and identify the origin of exported and imported goods upon any suspicion of fraud or illegal transshipment.

Through the five-year Trade Facilitation Program, USAID is supporting Vietnam in adopting and implementing a risk management approach to customs and specialized inspection agencies, which will strengthen the implementation of the WTO Trade Facilitation Agreement, of which both Vietnam and the US are members.

The USAID Trade Facilitation Program is cooperating with Vietnam Customs, MoIT, and VCCI to address origin fraud, illegal transshipment, and the circumvention of trade remedies. It will also promote and encourage a more effective partnership between government entities and customs departments at both the central and local levels and the business community.

User comment (0)

Send comment