PM approved two revised protocols on ASEAN-China economic cooperation

VNGOVNet – Considering the proposal of the Ministry of Trade (MoT) and recommendations from the relevant agencies, the PM approved on April 03 the protocol to revise the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and China (FACEC) and the revised protocol on commodity trade under the FACEC.

April 04, 2007 8:01 AM GMT+7

The MoT was entrusted to inform the relevant ministries and agencies about assignments mentioned in the two protocols. The Ministry will also provide additional instructions to the realization of the commitment package on product specific requirements (PSRs).

The MoT must early issue the roadmap to cut and get rid of tariffs; include the revisions in the two protocols into domestic legal documents and publish instructive documents for the execution of the FACEC starting in 2007.

The PM assigned the inter-ministerial working team in charge of ASEAN cooperation with non-member partners to supervise and negotiate with ASEAN and China in order to deal with issues relating to the realization of these two protocols.

By Nguyên Hồ