12 January 2021
The Department for International Trade (DIT) has provided more information on the trade agreement with Vietnam (see Trade deals agreed with Singapore and Vietnam).
The agreement establishes an economic partnership between the UK and Vietnam and a comprehensive free trade area. It maintains the effects of the EU-Vietnam Free Trade Agreement (FTA).
The UK-Vietnam agreement covers:
trade in goods — including provisions on preferential tariffs, tariff rate quotas and rules of origin
sanitary and phytosanitary measures
intellectual property, including geographical indications
DIT has drawn attention to a unilateral temporary easement to the proof of origin requirements set out in Articles 16 to 19 of the agreement for goods imported into the UK.
If an exporter is unable to raise an origin declaration, HM Revenue and Customs (HMRC) will accept EUR1 certificates issued by Vietnam’s Ministry for Industry and Trade for the purpose of the EU-Vietnam FTA in support of preference claims until 31 December 2021.
“To ensure a smooth import,” the department advised, “we ask traders making use of this easement to amend the EU-version of the EUR1 by replacing ‘European Union’ with ‘United Kingdom’ in Box 2.”
Any companies with queries about trade, now the UK has left the EU, are invited to use the online contact form at https://www.great.gov.uk/transition-period/contact.