MoIT issues regulations on auction of import tariff quotas on used autos

HÀ NỘI — The Ministry of Industry and Trade (MoIT) on Monday issued regulations and an invitation to carry out an auction of import tariff quotas on used automobiles for this year.

The import tariff quotas on used autos are implemented according to co妹妹itments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that came into effect on January  一 四,  二0 一 九, the ministry said.

The auction of this year is for  六 六 used automobiles, including  三 三 cars with engine capacity of over  三,000cu.m and  三 三 cars with engine capacity of  三,000cu.m or less.

The MoIT will receive registration to participate in the auction from  八pm on April  二 四.

The enterprises taking part in auctions must have automobile import licences issued by the MoIT. If the enterprises without the licences win the quotas, they could entrust their imports to enterprises with automobile import licences.

Each trader can bid on no more than  三 三 cars for all kinds of engine capacity at the auction this year, the ministry said.

Results of the auction will be published on the Ministry of Industry and Trade’s website, the Công thương (Industry and Trade) newspaper and the Giao thông (Transport) newspaper within  一 四 days from the auction results.

According to the CPTPP co妹妹itments, the number of used cars at the auction of import tariff quotas will increase by six units each year to  一 五0 units in total in  二0 三 四.

That total number would be maintained at  一 五0 cars every year from  二0 三 五. — VNS