EVFTA Agreement: Expect to export many agricultural products to the EU market

Published 2020년 9월 14일

Tridge summary

The Ministry of Agriculture and Rural Development in Vietnam is planning to increase the export of several products, including coffee, passion fruit, pomelo, coconut, and dragon fruit, to the European Union (EU) under the Free Trade Agreement between Vietnam and the EU (EVFTA). The EU is the largest consumer of Vietnamese coffee, accounting for 40% of the total volume and 38% of the total export turnover. The EVFTA Agreement is expected to further boost the competitiveness of these products in the EU market by providing tax incentives. Additionally, the agreement is expected to lower costs for Vietnamese goods exported to the European market, improving their competitiveness, especially for agricultural products. Preliminary statistics show that the export value of agricultural, forestry, and fishery products to the EU in August 2020 was 350 million USD, growing at 17%.

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Original content

Japanese consumers are choosing to buy dragon fruit from Vietnam. (Photo: Dao Tung / VNA) The Ministry of Agriculture and Rural Development said that following the first batch of shrimp exported to the European Union (EU) under the Free Trade Agreement between Vietnam and the EU (EVFTA) ), on September 16 and 17, goods such as coffee, passion fruit, pomelo, coconut, dragon fruit will continue to be exported to this market with the incentives that the Agreement brings. Specifically, on September 16, Dong Giao Export Food Joint Stock Company will export a shipment of passion fruit and Vinh Hiep Company Limited 404 to export coffee; On September 17, VINA T&T Group Company will also export lots of fruits and vegetables including pomelo, coconut, dragon fruit with incentives under EVFTA Agreement. The EU is the market consuming the most coffee in Vietnam, accounting for 40% of the total volume and 38% of the total export turnover of the country (the average coffee export value to the ...

Source: Long An newspaper