Amended ASEAN-China trade agreement signed

Economic Ministers of the ASEAN-China Free Trade Agreement (ACFTA) member countries on October 29 signed a Protocol to amend the Rule of Operational Certification and Origin Check Procedures under the Goods Trade Agreement, on the occasion of the 17th ASEAN-China Summit in Hanoi.

The amendment was finalised at the session of the Working group of Rules of Origin under the ASEAN-China Trade Negotiating Committee that took place in the Indonesian capital city of Jakarta in August, 2009.

As a result of negotiations over the past two years between Vietnam’s Ministry of Industry and Trade and ASEAN member countries with China, the event will contribute to promoting ASEAN-China trade, raising the effectiveness of Goods Trade Agreement and offering business opportunities for member countries’ enterprises.

Several ASEAN member countries including Vietnam, Singapore, Malaysia, Brunei, Laos and China will implement the amended rule on January 1, 2011.- VNA/VOVNews

Tags: ACFTA, ASEAN-China trade agreement

Posted by VBN on Oct 30 2010. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry