Preferential import and export tariffs for goods and commodities exported between Vietnam and Peru are applicable from March 10, as committed under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Vietnam issued a decree on that date amending and supplementing some regulations in a decree issued in 2019.
The 2019 decree governs the preferential export tariff and special preferential import tariff for implementation of the CPTPP from 2019 to 2022.
The 2019 decree was applied for six member countries—Australia, Canada, Japan, Mexico, New Zealand, and Singapore, ratifying the agreement as of June 26, 2019.
Last September, the CPTPP came into effect for Peru. Therefore, the government has issued the amendment, effective from March 10, according to Vietnamese media reports.