Scope of Most-Favored-Nation Treatment in Trade of Goods

19:53, 11/07/2024

Most-Favored-Nation Treatment in the trade of goods refers to treatment no less favorable than that which Vietnam accords to imported goods originating from one country compared to similar goods imported from a third country, or to exported goods destined for one country compared to similar goods exported to a third country.

According to the provisions of Article 7 of the Ordinance on Most-Favored-Nation Treatment and National Treatment in International Trade 2002, most-favored-nation treatment in merchandise trade is applicable to:

First, taxes, fees, and other charges on exported and imported goods or related to exported and imported goods.

Second, payment methods and the transfer of payment for exported and imported goods.

Third, regulations and procedures related to the export and import of goods.

Fourth, domestic taxes and direct or indirect fees on imported goods.

Fifth, quantitative restrictions and the licensing of exported and imported goods.

Sixth, other legal provisions affecting the sale, offering for sale, purchase, transportation, distribution, storage, and use of goods in the domestic market.

See more related content at: Ordinance on Most-Favored-Nation Treatment and National Treatment in International Trade 2002 which took effect on September 1, 2002.

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