Decision No. 1318/2005/QĐ-BTM on abolishing Decision No. 0971/2004/QĐ-BTM dated July 14, 2004, of the Minister of Trade; suspending temporary import for re-export and transshipment of finished wooden products and conditions for importing semi-finished wooden products for processing and production of export goods.

DECISION OF THE MINISTER OF TRADE

Regarding the revocation of Decision No. 0971/2004/QĐ-BTM dated July 14, 2004, issued by the Minister of Trade;

suspending the temporary import for re-export and transshipment of finished wooden products and conditions for importing

semi-finished wooden products for processing to produce export goods;

_____________________

THE MINISTER OF TRADE

Pursuant to Decree No. 29/2004/NĐ-CP dated January 16, 2004, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Trade;

Pursuant to Decree No. 57/1998/NĐ-CP dated July 31, 1998, issued by the Government, detailing the implementation of the Law on Trade regarding export, import, processing, and agency sales of goods with foreign countries;

To combat illegal transshipment and protect the reputation of Vietnamese export goods in the global market;

At the proposal of the Director of the Import-Export Department,

DECISION:

Article 1. Revoke Decision No. 0971/2004/QĐ-BTM dated July 14, 2004, issued by the Minister of Trade, concerning the provisional list of goods for temporary import for re-export, transshipment, and import for processing under the permit of the Ministry of Trade.

Article 2. Suspend the temporary import for re-export and transshipment of finished wooden products through Vietnam to the United States.

Article 3. Temporarily prescribe conditions for importing semi-finished wooden products for processing and production of export goods to the United States, including contracts for third-country processing for export to the United States, based on the following principle:

The CIF value of imported semi-finished products at the Vietnamese port shall not exceed 60% of the FOB value of exported finished products at the Vietnamese port. Import procedures shall be handled by customs authorities.

Article 4This Decision shall take effect fifteen days from the date of publication in the Official Gazette.

Article 5. The Director of the Import-Export Department, Directors, Heads of relevant units under the Ministry of Trade, and related organizations and individuals are responsible for implementing this decision./.