The 16th Meeting of the ASEAN Trade Facilitation joint Consultative Committee (ATF-JCC) was recently held by the Ministry of Industry and Trade (MoIT) in Hanoi.

The ASEAN Trade Facilitation joint Consultative Committee convenes the 16th meeting in Hanoi on January 10. 

The meeting on January 10 was the first on economic issues organised by the MoIT in Vietnam’s 2020 ASEAN Chairmanship.

Luong Hoang Thai, Director of the MoIT’s Multilateral Trade Policy Department, said the event discussed the cooperation in facilitating intra-ASEAN trade and consulted about initiatives such as simplifying customs procedures with the aim of reducing 10 percent of trading cost within the bloc in 2020.

Participants looked into ways to double the intra-bloc trade value in the 2017-2025 period as targeted in the 2025 Trade Facilitation Strategic Action Plan of the ASEAN Economic Community (AEC) and the AEC 2025 Strategic Action Plan for Trade in Goods.

Issues put on the table also included the establishment of a mechanism for exchanging information about non-tariff measures (NTMs), the increase of consultation between ASEAN governments and the business community, and a proposal for regulatory impact assessment of NTMs.

The meeting updated the database on NTMs built by ASEAN’s partners to publish on the ASEAN Trade Repository and the national trade repositories of the member countries. It also proposed the organisation of workshops and capacity building for the nations.

Thai noted that as the chairman, Vietnam actively conferred with other ASEAN members, the ASEAN Secretariat, the bloc’s specialised agencies and partners to help the meeting reach unanimity on the issues raised at the meeting.

                                                                             Source: NDO

Related Topics


Int''l community supports China in fighting novel coronavirus epidemic

Many countries and international organizations have provided materials and other kinds of support for China in combating and controlling the novel coronavirus epidemic.

New challenges for global economy

The outbreak of the acute respiratory illness caused by a new strain of corona virus (nCoV) in China is spreading to many countries around the world, becoming a new challenge for the global economy. Accordingly, China’s economic growth has slowed down and heavy losses from service, aviation, tourism sectors are predicted to hinder the world economy this year.

PLA air force dispatches 8 transport aircraft to support Wuhan''''s coronavirus fight

Eight large transport aircraft dispatched by the Chinese People's Liberation Army (PLA) air force Sunday (February 2) landed at Wuhan Tianhe International Airport, delivering 795 military medical staff and 58 tonnes of supplies to help the city fight against the novel coronavirus epidemic.

ASEAN-UN cooperation discussed at UNSC meeting

Cooperation between the Association of Southeast Asian Nations (ASEAN) and the United Nations (UN) regarding maintaining international peace and security was debated at a meeting of the UN Security Council (UNSC) that was held in New York on January 30 under the chair of Vietnam.

Erdogan, Trump discuss Libya developments in phone call

Turkish President Tayyip Erdogan and US President Donald Trump discussed developments in Libya in a phone call on January 15, the White House and Turkey's presidency said, days ahead of a summit in Berlin that will address the Libyan conflict.

Iran's nuclear enrichment at higher level than before 2015 deal - president

Iran is now enriching more uranium than Tehran did before it agreed to a nuclear deal with world powers in 2015, Iranian President Hassan Rouhani said on Thursday (January 16) in a televised speech.