EVFTA opens door wider for Vietnamese goods
(VOVWORLD) - The EU-Vietnam Free Trade Agreement (EVFTA) plays a key role in bringing Vietnamese agro-fishery products into the European market, according to Vietnam’s Trade Counselor in Belgium and the EU Tran Ngoc Quan.
 Illustrative photo. (VNA/Dinh Hue) |
He noted that tariffs on many agricultural products were immediately reduced to 0% when the trade pact took effect in 2020 or else will gradually decrease to 0% over a period of 3-5 years.
Mr. Quan said exports from the EU to Vietnam increased 25% over the past 2 years.
He recommended that Vietnam shift from producing large quantities for a reasonable cost to producing sustainable products with added value to better meet EU standards.