A fastidious market suddenly purchases a large number of Vietnamese nuts
Vietnam
Published Jan 6, 2022
Tridge summary
The EU buys the most coffee from Vietnam According to the Import-Export Department (Ministry of Industry and Trade), after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, tariff preferences help Vietnam's agricultural exports to the EU skyrocketed. For example, with coffee products, with the commitment to eliminate tariffs under the EVFTA, coffee exported to the EU will have 93% of the tariff line going to 0% as soon as the Agreement comes into effect.
Original content
EU buys the most coffee from Vietnam According to the Import-Export Department (Ministry of Industry and Trade), after the Vietnam-European Free Trade Agreement (EVFTA) comes into effect, tariff preferences will help Vietnam's agricultural exports to the EU. skyrocketed. For example, with coffee products, with the commitment to eliminate tariffs under the EVFTA, coffee exported to the EU will have 93% of the tariff line going to 0% as soon as the Agreement comes into effect. This is a good opportunity for Vietnamese coffee when the EU is the largest coffee consuming market in the world, with import turnover from foreign countries about 10 billion USD/year, accounting for 66% of imports and approx. 30% of global consumption. The results are also clear, with an export value of 939 million USD in the first 11 months of 2021, the EU is Vietnam's largest coffee export market, accounting for nearly 34.8% of the total export turnover of this item. . For cashew products, before the "EVFTA ...
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