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Cashew exports to the EU. Local exporters should register the REX code
to enjoy preferential tariffs. (Photo cafef.vn)
REX, or registered exporter system, is a system of certification of origin of
goods based on self-certification granted by the European Commission (EC) under
the Generalised System of Preferences Treatment (GSP) that is the tariff for
developing countries. The system has been used to gradually replace the
certification of origin of goods (C/O) form A.
The Vietnam Chamber of Commerce and Industry (VCCI) has been in charge of
implementing the registration of REX code for businesses under a decision of the
Minister of Industry and Trade.
The department said Vietnam is among countries implementing the registration of
REX code in 2019 and will be extended for the end of C/O form A by the end of
June 2020. The EU’s customs will not accept the C/O form A for exporters
registering REX code.
The ministry has urged the VCCI to speed up the registration for businesses to
ensure that domestic exporters could enjoy the GSP.
The VCCI's statistics showed that there have been more than 1,200 firms
registering for the REX code so far. Another 280 companies are waiting for
approval.
However, the number was still modest. There are two months left for the
deadline, requiring firms to quickly complete the registration.
Source: VNA
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