Decision no. 1318/2005/QD-BTM dated April 29, 2005 of the Ministry of Trade annulling the Trade Minister’s Decision No. 971/2004/QD-BTM dated July 14, 2004; suspending the temporary import for re-export and transit of finished wood products; and stipulating the conditions for import of semi-finished wood products for processing and production of export goods

DECISION

ON THE ABOLISHMENT OF DECISION NO. 0971/2004/QD-BTM DATED JULY 14, 2004 OF THE MINISTER OF TRADE; TEMPORARY CESSATION OF THE TEMPORARY IMPORT FOR RE-EXPORT AND BORDER-GATE TRANSSHIPMENT OF FINISHED WOODEN PRODUCTS AND CONDITIONS FOR THE IMPORT OF SEMI-FINISHED WOODEN PRODUCTS FOR PROCESSING AND PRODUCING OF GOODS FOR EXPORT

THE MINISTER OF TRADE

Pursuant to the Government’s Decree No. 29/2004/ND-CP dated January 16, 2004 prescribing the functions, tasks, powers and organizational structure of the Ministry of Trade;

Pursuant to the Government’s Decree No. 57/1998/ND-CP dated July 31, 1998 detailing the implementation of the Commercial Law regarding goods import, export, processing and sale and purchase agency with foreign countries;

In order to counter the illegal transshipment and protect the prestige of Vietnam’s export goods in the world market;

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

DECIDES:

Article 1. To annul Decision No. 0971/2004/QD-BTM dated July 14, 2004 of the Minister of Trade on issuing the Provisional List of goods temporarily imported for re-export, border-gate transshipped and imported for processing under the Ministry of Trade’s permits.

Article 2. To temporarily cease the temporary import for re-export and border-gate transshipment of finished wooden products through Vietnam to the U.S.

Article 3. To temporarily stipulate the conditions for the import of semi-finished wooden products for processing and producing of goods for export to the U.S. according to the following principles:

The Vietnam port CIF value of imported semi-finished products shall not exceed 60% of the Vietnam port FOB value of exported finished products. The import procedures shall be carried out at the customs offices.

Article 4. The Decision takes effect 15 days after its publication in the Official Gazette.

Article 5. The director of the Import-Export Department, the directors and heads of concerned units under the Ministry of Trade, the relevant organizations and individuals shall have to implement this Decision.