Question:
In the case where Vietnam has more than one Free Trade Agreement (FTA) with the same partner country, which FTA should be implemented?
Answer:
– In principle, determining which FTA is effective in cases where there are multiple FTAs with the same partner country depends on the specific provisions of each FTA (e.g., whether they will continue or replace existing FTAs among the members).
– Regarding the FTAs that Vietnam has with its partners, as mentioned earlier, these FTAs generally coexist and are in effect simultaneously. Therefore, businesses can choose the most advantageous FTA for their specific needs (e.g., in terms of customs duty preferences or rules of origin) to take advantage of opportunities.
