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 oneconomic
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 cooperationin facilitating intra-ASEAN trade
and consulted about initiatives such assimplifying
customs procedures with the aim of reducing 10 percent of tradingcost within
the bloc in 2020.
Participants looked into ways to double theintra-bloc
trade value in the 2017-2025 period as targeted in the 2025
TradeFacilitation Strategic Action Plan of the ASEAN Economic Community (AEC)
andthe AEC 2025 Strategic Action Plan for Trade in Goods.
Issues put on the table also included
theestablishment of a mechanism for exchanging information about non-tariffmeasures
(NTMs), the increase of consultation between ASEAN governments and
thebusiness community, and a proposal for regulatory impact assessment of
The meeting updated the database on NTMs builtby
ASEAN’s partners to publish on the ASEAN Trade Repository and the
nationaltrade repositories of the member countries. It also proposed the
organisationof workshops and capacity building for the nations.
Thai noted that as the chairman, Vietnamactively
conferred with other ASEAN members, the ASEAN Secretariat, the
bloc’sspecialised agencies and partners to help the meeting reach unanimity
on the issuesraised at the meeting./.VNA