[Infographic] Rice quota for Vietnam in 2020 according to EVFTA

Published 2020년 7월 24일

Tridge summary

The European Union imported 2.3 million tons of rice and rice products in 2019, with a turnover of EUR 1.4 billion, while Vietnam exported only 50,220 tons with a turnover of EUR 28.5 million. Due to the EVFTA Agreement, the EU has dedicated a quota of 80,000 tons of rice to Vietnam annually, and will completely liberalize broken rice. The EU will bring the tax rate for rice products to 0% after 3-5 years. To export to the EU, Vietnamese rice and plant-based products must meet EU food safety requirements and have certificates of origin and type. Effective from August 1, 2020, the EU has introduced specific import quotas for each type of rice. The EU has a strict control and warning system at the border, and shipments of rice for preferential tariff treatment must meet certain conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2019, EU imports 2.3 million tons of various types of rice and rice products (HS1006) with a turnover of EUR 1.4 billion. However, Vietnam has only exported to the EU with a small amount of about 50.22 thousand tons of rice and rice products with a turnover of about EUR 28.5 million, up 215% compared to 2018. According to the EVFTA Agreement, the EU dedicates for Vietnam a quota of 80,000 tons of rice / year. Notably, the EU will completely liberalize broken rice (this commitment enables Vietnam to export about 100,000 tons of broken rice to the EU annually). For rice products, the EU will bring the tax rate to 0% after 3-5 years. 8 types of aromatic rice varieties are recognized in EVFTA. Criteria Origin rice is originated from Vietnam. Rice and all kinds of plant-based products, when exported to the EU, must meet food safety requirements according to EU regulations. Shipments of rice exported to the EU in addition to quarantine certificates and food safety must be accompanied ...
Source: Vietnambiz

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