Tridge summary
Vietnam's Son La province has started exporting longans to the UK and EU, marking a milestone in its efforts to expand fresh fruit shipments to the EU's demanding market. This follows successful exports of rice and coffee to the UK, leveraging the UK-Vietnam Free Trade Agreement (UKVFTA). The agreement offers 0% tax incentives, making Vietnamese rice more competitive. Despite the positive growth in exports to the UK, the market share for Vietnamese goods remains low, with only cashew nuts and pepper enjoying significant market share. To penetrate the UK market more effectively, Vietnamese agricultural exporters are urged to meet quality standards such as Global GAP or Euro GAP, adopt international management standards, ensure a consistent supply, and develop a strategic market access approach. The UK's future participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and its pursuit of bilateral FTAs present additional opportunities but also underscore the importance of quality and consistency for Vietnamese exporters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Increase order value The first batch of longans of the 2021 crop year has just been exported by Son La province to the UK and the European Union (EU), opening the province's fresh fruit shipments to penetrate one of the EU's most demanding markets. Previously, a number of rice and coffee shipments were exported to the UK by Vietnamese enterprises to take advantage of tariff preferences from the UK - Vietnam Free Trade Agreement (UKVFTA) (effective from the beginning of this year). now on). The common point of most agricultural shipments to the UK is small value orders, market penetration through new importers. For example, the Vietnam Seed Group (Vinaseed) exported to the UK 60 tons of fragrant rice through Long Dan Company - a Vietnamese-owned enterprise in the UK. Although the order is small, businesses can take advantage of the 0% tax incentive for both fragrant rice and fruit. Before signing a free trade agreement (FTA) with Vietnam, the UK applied an import tax on ...
Source: Vinanet
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