Free trade agreements open doors for Vietnamese products

Published 2021년 5월 14일

Tridge summary

The Free Trade Agreement between the UK and Vietnam (UKVFTA) has led to over 94% of fruit and vegetable categories being zero-rated, providing market access advantages for Vietnamese produce over countries like Brazil, Thailand, and Malaysia. Local governments and companies are encouraged to focus on large-scale cultivation and the use of high-quality technologies for a sustainable and efficient value chain. There has been a 9.5% increase in fruit and vegetable exports, reaching a value of € 1.2 billion in the first four months of the year, with China being the largest market. Vietnam has also seen increased exports to other countries such as Egypt, Kuwait, Ukraine, and Senegal.

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

Original content

After the entry into force of the Free Trade Agreement between the UK and Vietnam (UKVFTA), more than 94% of the fruit and vegetable categories in Vietnam will be zero-rated. This offers market access advantages for many Vietnamese fruits and vegetables, such as lychee, longan, rambutan, dragon fruit, pineapple and melon, over competing countries, including Brazil, Thailand and Malaysia, which do not have free trade agreements with the UK, Vietnamplus reports .vn. Nguyen Thanh Binh, chairman of VinaFruit, notes that overseas markets are increasingly demanding in terms of food safety, quarantine and origin. He indicated that it is necessary to strengthen cooperation at all stages of the cultivation, storage and sales process within the region in order to develop a sustainable and efficient value chain. He said local governments and companies should focus on large-scale cultivation and the application of high-quality technologies and good cultivation practices, such as VietGAP and ...

Source: AGF