(VOVworld)- 2015 is forecast to be a good year for Vietnam’s garment and textile exports as a number of trade agreements will be signed.

According to the Vietnam National Textile and Garment Group, the EU will continue to be Vietnam’s major market in the coming years. Vietnam accounts for 1% of the total EU’s garment and textile import value. Once the Vietnam-EU Free Trade Agreement is signed, tariffs will be reduced from 12% to zero percent thus facilitating Vietnamese garment and textile products to further enter the EU market. Vietnam’s apparel exports to the US increases 12%-13% annually. After the Trans-Pacific Partnership Agreement is signed, the tariffs will be reduced from the current 17%-18% to zero. This will create opportunities for Vietnamese enterprises to increase their market share in the US. In Russia, high tariffs are levied on Vietnamese apparel products. The signing of the Free Trade Agreement between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan in early this year will improve Vietnam's garment and textile exports to Russia.