Vietnam-UK trade grows 17%
(VOVWORLD) - Two-way trade between Vietnam and the UK rose 17% to more than 6.6 billion USD last year, according to Tuesday’s conference reviewing one year of the UK-Vietnam Free Trade Agreement (UKVFTA).
 Deputy Minister of Industry and Trade Tran Quoc Khanh speaks at the conference. (Photo: Bao Trang/VNA) |
Vietnam’s Deputy Minister of Industry and Trade Tran Quoc Khanh noted significant progress in bilateral trade since the pact came into effect.
“The agreement has secured uninterrupted free trade between Vietnam and the UK and offered many incentives to boost bilateral trade. The UK’s import tax on Vietnamese goods will be slashed by as much as 99.2% within 6 years," said Mr. Khanh.
"Many Vietnamese products, particularly farm exports, have made full use of the trade pact over the past year. Geographical indications of popular Vietnamese products like Ban Me Thuot coffee and Phu Quoc fish sauce have been protected in the UK,” he said.
The conference was jointly organized by Vietnam’s Ministry of Industry and Trade and the British Embassy in Hanoi.