This measure issues preferential export tariffs and special preferential import tariffs for the first 6 signatories to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the period from 2019 to 2022 and prescribes the conditions to enjoy preferential export tax rates, special preferential import tax rates under this Agreement.
The issued Decree is applied for Mexico, Japan, Singapore, New Zealand, Canada and Australia where CPTPP Agreement has been in effect in accordance with the conditions to enjoy preferential export tariffs and special preferential import tariffs.
Regarding preferential export tariffs for goods related to cultural industries implemented in the CPTPP:
- Jewelry and parts thereof made of precious metal, plated or not plated with precious metal: 2%
- Industrial products and parts thereof, made of gold or silver or other precious metals, plated or not plated with precious metal: 2%
On special preferential import tax of goods related to cultural industries to implement CPTPP:
- Photographic or cinematographic material: almost to 0%
- Wood and wooden products such as mosaic and inlaid wood, boxes and cases for jewelry or cutlery, and similar products of wood, statuettes and other ornaments made of wood, wooden furniture and wicker and rattan products (craft): almost to 0%
- Books, newspapers, pictures and other printing products; handwritten and typed manuscripts and diagrams: almost to 0%
- Knitted or crocheted clothing and apparel, not knitted or crocheted clothing and apparel
- Ceramics and porcelain articles including statuettes and other decorative products of ceramics and porcelain: gradually decreasing to 0% by December 2022
- Jewelry and parts thereof made of precious metal, plated or not plated with precious metal; industrial products and parts thereof, made of gold or silver or other precious metals, plated or not plated with precious metal; jewelry made of other materials: gradually decreasing to 0% by December 2022
- Artworks, collectibles and antiques: 0%
Although Decree No. 57/2019/ND-CP by the Government on the preferential export tariff and special preferential import tariff to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the period from 2019 to 2022 states that goods eligible for preferential treatment must meet the regulations on the origin of goods and proof of origin in accordance with the CPTPP's regulations, this is not easy for cultural products of handicraft or antiques nature to meet. However, this is also a factor promoting the development of a more synchronized and professional system for managing production and distribution of goods of cultural industries in Viet Nam, and a drive for it to better meet international standards on import and export of cultural goods and services.
From January 14, 2019, Australia, Canada, Japan, New Zealand and Singapore announced the application of the second tax reduction rate to Viet Nam and Viet Nam also applied the second tax reduction rate to these 5 countries. Mexico announced the first tax reduction rate for Viet Nam from January 14, 2019, whereby Viet Nam also applied the first tax reduction rate from January 14, 2019.
These policies reduce and eliminate import tax according to the 2018-2022 roadmap for all imported goods under the specialized management of the Ministry of Culture, Sports and Tourism. These are classified by codes under Viet Nam's List of Exports and Imports and some lists of goods in the field of cultural industries, specifically:
- Cinematographic, performing art works and other audiovisual products, regardless the material they are recorded on;
- Fine arts and photographic works;
- Collectibles, relics and antiques which are not belongings of the state, political organizations or socio-political organizations;
- Electronic game machines and devices with installed game programs; electronic game machines and devices with installed game programs with prize-winning and scoring system, casino specialized machines;
- Children toys;
- Wood and wooden products; wicker and rattan products;
- Books, newspapers, pictures and other printing products; handwritten and typed manuscripts and diagrams;
- Knitted or crocheted clothing and apparel, not knitted or crocheted clothing and apparel;
- Ceramics, jewelry, golden and silver industrial products and others.
| Name of partner | Type of entity |
|---|---|
Ministry of Industry and Trade
| Public Sector
|