E ISSN: 2583-049X
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International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 5, 2024

Status of Implementation of the World Trade Organization's Trade Facilitation Agreement in Vietnam



Author(s): Tran Ngoc Minh

Abstract:

Vietnam's implementation of the World Trade Organization's Trade Facilitation Agreement since its ratification in 2015 reflects a strong commitment to enhancing its trade environment. The country has made significant progress, particularly in fulfilling Category A commitments such as improving transparency in trade information and implementing advance rulings. Advancements in Category B commitments, including risk management system development and groundwork for the National Single Window, demonstrate Vietnam's steady efforts. However, challenges persist, especially in Category C commitments requiring external support. These include institutional coordination issues, regulatory complexities, infrastructure limitations, and capacity building needs. Despite these obstacles, Vietnam has implemented broader trade facilitation reforms, including customs modernization and e-customs adoption, significantly improving its overall trade processes. The country's strategic approach, balancing immediate implementations with long-term planning for more complex measures, positions Vietnam as a noteworthy case study in TFA implementation among developing nations. While challenges remain, particularly in uniformly applying measures across all entry points and completing more complex commitments, Vietnam's progress thus far provides a strong foundation for further improvements in trade facilitation.


Keywords: TFA, WTO, Vietnam

Pages: 556-565

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