NOTE: The following report appears in both International Trade Today and Export Compliance Daily.
US, Vietnam Sign Customs Mutual Assistance Agreement
The U.S. and Vietnam signed a Customs Mutual Assistance Agreement meant to “further strengthen bilateral cooperation on security and the facilitation of lawful trade,” CBP said in an emailed Dec. 9 news release. “This agreement is a critical step forward…
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in our economic and security partnership with Vietnam,” CBP Deputy Assistant Commissioner for International Affairs Erik Moncayo said. “The CMAA will enable the U.S. and Vietnam to more effectively combat terrorism and transnational crime while facilitating increasing volumes of lawful commerce.” The U.S. now has CMAAs with 82 countries, it said. In recent months, Vietnam has been trying to crack down on country of origin fraud and transshipment schemes that have become especially more frequent since the ramping up of U.S.-China trade tensions (see 1908280043).