EVFTA helps increase Vietnam's agricultural exports to the EU and benefits Vietnamese consumer

Published 2020년 11월 15일

Tridge summary

The European Union-Vietnam Free Trade Agreement (EVFTA) has led to a surge in agricultural exports from Vietnam to the EU, with the country eliminating import tax on 48.5% of tariff lines immediately upon the agreement's implementation. This has resulted in reduced prices for EU agricultural goods, making them more competitive and beneficial for Vietnamese consumers. Examples include French Gala Apples and North Sea trout, which have seen significant price drops. The agreement is expected to further reduce tariffs over time, leading to continued benefits for Vietnamese consumers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Union (EU) - Vietnam Free Trade Agreement (EVFTA) not only helps to increase Vietnam's agricultural exports to the EU, but also benefits Vietnamese consumers. According to EVFTA, Vietnam committed to abolish import tax on 48.5% of tariff lines, equivalent to 64.5% of EU export turnover as soon as EVFTA comes into effect (August 1). Then, after 7 years, 91.8% of tariff lines, equivalent to 97.1% of export turnover, from the EU will be tax exempt. Buying EU goods together at noon 13-11, not at the weekend, so Big C Mien Dong (District 10, Ho Chi Minh City) is quite empty, but many EU agricultural food stalls are crowded thanks to promotions. , sale. The French Gala Apple booth has a promotion program with a price of only 39,900 VND / kg (original price 49,900 VND / kg), so housewives take advantage of buying a few kilograms, supermarket staff have to refill goods continuously, many people choose goods. right in the box, do not wait for the goods to be on the shelf. The ...

Source: Industry and Consumption Newspaper