Tridge summary
The article outlines the anticipated benefits of the Vietnam-EU Free Trade Agreement (EVFTA), set to be implemented from August 1, for Vietnam's agricultural exports. The agreement is expected to boost the competitiveness of Vietnamese agricultural products in the EU market, which demands high quality and certification of origin. Despite potential challenges such as stringent import regulations and past issues of non-compliance, key Vietnamese exports including coffee, seafood, wood, and cashews are expected to significantly benefit from the tariff preferences and quotas provided by the EVFTA. Notably, the coffee industry is poised for growth with the immediate elimination of tariffs on green coffee and a gradual reduction in tariffs on processed coffee products. However, the industry must focus on improving quality, food safety, and quarantine measures to compete with established producers like Brazil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to Mr. Tran Cong Thang, Director of the Institute of Policy and Strategy for Agriculture and Rural Development (Ministry of Agriculture and Rural Development), when the Vietnam-EU Free Trade Agreement (EVFTA) is implemented from the date of 1/8, Vietnam's agricultural exports will benefit from tariff preferences, but the EU market has high requirements for quality and certification of origin. . Mr. Tran Cong Thang, Director of Institute of Policy and Strategy for Agriculture and Rural Development (Ministry of Agriculture and Rural Development). With EVFTA, will Vietnam's agricultural products benefit from tariff preferences and possibly increase exports to the EU market, sir? For agriculture, the EU committed to abolishing over 99% of tariff lines after 7 years, while providing quotas for Vietnam. Vietnam's agricultural exports have improved their competitiveness compared to Indian and Thai agricultural products (without FTA with EU). The EU is one of the two largest ...
Source: Baodautu
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