EAEU is one of 12 new generation of bilateral FTA between Vietnam and the Russian national team head. Through several rounds of talks, originally under the name FTA Vietnam – Russia Customs Union – Belarus – Kazakhstan, later expanded into alliance EAEU with the participation of the Republic of Armenia and Kyrgyzstan was formally signed.
With 14 FTAs have been completed, the Vietnam property has free trade relations with 55 economies. Including 17/20 partners in the G20 and G7 partners 7/7. The “coverage” of the market is almost completed, not to mention the signing of the formal Agreement Trans-Pacific Partnership (TPP). Is it the sign various bilateral and multilateral FTAs led EAEU was “sinking”? Or Vietnamese enterprises did not capture enough information about it should pass up the opportunity? Or yourself EAEU not really attractive and easy, while opportunities in other FTAs are unused?
0% tax on the fence while the other
Each FTA was signed, in theory, have an opportunity to expand the market, especially in the major markets and trade relations with Russia in EAEU perennial.
As with other FTAs, tax cuts for export EAEU Vietnam is the top issue. There will be 59% tariff (tariff lines 6718) is cut immediately to the partners and 53% from EAEU tariff lines left immediately to partners from Vietnam. Group elimination of tariffs under the roadmap only 25%, the group is not committed to just 13%.
However, do not forget to put EAEU provisions “apply remedies threshold” for 180 tariff lines (1.58% tariff). This is a half-breed measures by tariff quotas set limits on the quantity threshold, half-breed commercial defense measures (consultation procedure if the harm the domestic industry in EAEU). In the list of items subject to remedies in the threshold, with key products of Vietnam, such as textiles, footwear, furniture. Rice products not subject to the bathroom threshold, only the maximum output of 10,000 tons / year to 192 million people market, including large Vietnamese community. Such number of nowhere?
Even those found in the area of tax 0% shall enjoy meeting the rules of origin, food safety … in order to enjoy tax incentives will not be easy.
Vietnam FTA – EAEU contains provisions “apply remedies threshold” for 180 tariff lines (1.58% tariff) – a half-breed measures of tariff quotas, half-breed commercial defense measures; including the flagship product of Vietnam, such as textiles, footwear, furniture.
At a workshop on EAEU 2015, Nguyen Hoai Nam, Deputy Secretary General Association of Seafood Exporters and Vietnam, said that Russia is a potential market in the consumption of Vietnamese seafood exports Male. But the export value of Vietnam in this market is only about US $ 100 million / year, representing more than 1% of the total export value of the sector. Though Russia is a member of the WTO but outside the WTO standards, Russia still poses a number of measures specific quality management. The provisions on technical barriers to trade (TBT) and the Agreement on the Application of Sanitary measures, quarantine (SPS) of Russia and blocks very closely EAEU difficult to do a lot of Vietnamese enterprises.
On the other hand, the professionalism of the Russian importers do not necessarily have the same partners in Europe, the Americas. Since late 2014, the Ministry of Industry and Trade of Vietnam has sent a list of 60 seafood exporters qualified for the EU market, but the Russian side has not responded whether to accept or not.
In addition, the payment orders not in the usual way. If the smooth export, the exporter receives only 30% of the payment order immediately. Two-thirds of the remaining value of orders to be paid within 60 days after receipt of goods, even after new test results returned pitches. Many major exporters refused to accept the terms in a “appropriated funds” should also always indifferent to penetrate EAEU.
In addition to tax cuts, in this FTA, Vietnam and signed together EAEU also full of regulations on goods and customs facilitation, the chapter on investment and intellectual property. As for trade in services, investment and movement of natural persons are privately negotiated between Vietnam and Russia should commit to achieve bilateral applies only between the two countries that do not apply to the rest. Content themselves bilateral negotiations and portfolio mainly cooperative and has not been published, so it is nothing to be said.
Certificates of origin for export products under such unfavorable EAEU new generation FTAs. Instead of free enterprise certificates of origin, apply EAEU origin certification process through an agency authorized by the State as the older generation FTAs, increased administrative procedures. Processes and procedures for such imports is relatively complex and not clear, not even consistent within itself five blocks EAEU water. Therefore, the advantage in terms of customs, ought to have been created when the FTA is implemented, remains a barrier to making corporate indifference to the treaty is understandable.
Stop level of integration
2015 is regarded as boom years signing and implementation of the FTA. This craze seems subsided in 2016 when the formal signing process TPP is facing a number of “bottlenecks” due process in the US presidential election and agreements such as AEC (ASEAN Economic Community) has effective from 2015, 2016 EAEU effect … do not create a clear breakthrough for Vietnam’s economy.
AEC is a series of steps elevate the Agreement: Agreement on ASEAN goods trade (ATIGA), the Framework Agreement on ASEAN Trade in Services (AFAS), the Agreement on the ASEAN Comprehensive Investment (ACIA) … to create a common market and unified production space. But the reality is not so. In addition to tariff barriers are abolished, the series targets set have not made or in many areas, no target has been considered (such as the abolition of non-tariff, services liberalization, mutual recognition together on standards, trade facilitation, government procurement or the use of a common currency and common tariff set). It differs from the model of the European Union (EU) or Block the North American Free Trade (NAFTA) with the expansion and greater cohesion.
According to the Saigon Times
