Electronic Certificates of Origin proves key to bolstering trade with India

The approval of Electronic Certificates of Origin (e-CO) is set to play an important role in meeting the trade target of US$15 billion set by both leaders of Vietnam and India, according to Vietnamese Ambassador to India Pham Sanh Chau at the “India - Vietnam Virtual Business Meet 2020" online seminar held on May 21.
TIN LIÊN QUAN
electronic certificates of origin proves key to bolstering trade with india Vietnamese Embassy in India coordinated to bring 340 Vietnamese citizens home on May 19-20
electronic certificates of origin proves key to bolstering trade with india Vietnam records trade surplus of 343 million USD with India in Q1
electronic certificates of origin proves key to bolstering trade with india
Vietnamese Ambassador to India Pham Sanh Chau.

The event was jointly held by the Vietnamese embassy’s trade office in India, the Confederation of Indian Industry, the Vietnam Chamber of Commerce and Industry, and other relevant agencies.

In the country’s role as the ASEAN Chair in 2020, Vietnam has been actively exchanging information with other ASEAN member countries with regard to the Indian proposals to use electronic certificates of origin, with several countries restricting travel in the context of the complicated nature of the novel coronavirus (COVID-19) epidemic, noted ambassador Chau.

Read more
electronic certificates of origin proves key to bolstering trade with india Vietnam-India trade hits 1.65 billion USD during Jan-Feb, up 2% against last year period

This move comes following the nation receiving a proposal from the Indian Government on April 17 which urged consideration to be made and approval to be granted to the e-CO via the Indian electronic portal for the benefits of tariff preferences in line with the ASEAN-India Free Trade Agreement.

The embassy also offered a report to the Government Office in which it requests all relevant ministries to grant approval to the Indian proposals swiftly in an effort to remove difficulties faced by local firms that have been severely affected by the COVID-19 pandemic.

The Vietnamese diplomat went on to emphasize that any delays in accepting the e-CO will cause great damage to domestic businesses and make it far more challenging to reach the bilateral trade turnover target of US$15 billion which has been set by the end of the year.

electronic certificates of origin proves key to bolstering trade with india Sustainable development a key trend for tourism

The recently-issued strategy for Vietnam’s tourism development to 2030 is expected to be a driving force for the industry in weathering the storm posed by ...

electronic certificates of origin proves key to bolstering trade with india ADB expert hints key strategies to boost Vietnam’s greater economic growth

As Vietnam is preparing new socio-economic development plans covering 2021 through 2030, a senior expert from the Asian Development Bank (ADB) has offered some key ...

electronic certificates of origin proves key to bolstering trade with india JLL names five key trends of Vietnam property market 2020

The trends will contribute to helping navigate foreign investors in Vietnam.

(Source: VOV)