AGREED MINUTES BETWEEN THE VIETNAM CUSTOMS AND THE KOREA CUSTOMS SERVICE

VCN- The minutes were signed in Seoul, Korea on June 28, 2017.

The minutes between the Vietnam Customs and the Korea Customs Service was signed in Seoul, Korea on June 28, 2017.

In the spirit of the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Republic of Korea concerning Cooperation and Mutal Assistance in Customs Matters, concluded in Hanoi, Vietnam on March 10, 1995;

Confirming the well-established cooperative relationship between the General Department of Vietnam Customs and the Korea Customs Service (hereinafter referred to as “the two Customs Authorities”);

Acknowledging the importance of Customs roles in safeguarding the nation and advancing the national economy through trade facilitation and security, and noting that cooperation and partnership of the two States is imperative;

The General Department of Vietnam Customs delegation headed by Director-General, Mr. Nguyen Van Can and the Korea Customs Service delegation headed by Commissioner CHUN, Hong-UK at the 17th High-level Customs Cooperation Meeting held in Seoul, Korea on June 28, 2017, have reached the following understanding:

1. The two Customs Authorities noted that their mutual efforts for trade facilitation would contribute to the economic development of the two States, and agreed to continue collaborating to address challenges posted to exporting companies of the both nations.

2. The two Customs Authorities agreed to adopt the e-CO exchange scheme and they will make an effort to launch the e-CO exchange scheme at the 18th High-level Customs Cooperation Meeting. Both parties recognized the importance of creating a favorable trade environment and encouraging the use of FTA, and agreed to materialize the woking-level discussions on means of cooperation in the establishment of the e-CO information exchange scheme.

3. Acknowledging the importance of Customs’ role in the enforcement against illicit and illegal trade, the two Customs Authorities agreed to discuss Customs investigation operation at the working level.

4. Being acutely aware of the significance of capacity building through personnel exchange program, the two Customs Authorities agreed to continue the on-going discussion on arranging the twinning program between Ba Ria-Vung Tau Customs and Gwangju Customs to make a substantial effort.

By Hoang Anh

Source: http://customsnews.vn/