[Infographic] EVFTA - Trade situation of Vietnam seafood industry
Published Aug 4, 2020
Tridge summary
Vietnam's seafood exports to EU28 in 2019 reached US $ 1.3 billion. With the implementation of EVFTA, the export growth will be about 2% in the period of 2020-2030.
Original content
According to Vietnambiz.vn The expected impact of commitments on Vietnam's fisheries sector According to research by the Ministry of Planning and Investment, the implementation of EVFTA will help the industry grow by about 2. % in the period of 2020-2030. Currently, some seafood products of Vietnam, when exported to the EU, are subject to high taxes, such as lobster, which is applying an import tax of 8-20%; crab bar is applying 14.2% tax; cod tax rate of 13%, pink shrimp tax of 12%, items of oysters, scallops, squid, halibut, sea cucumbers ... have an import tax of 8 - 11%. Therefore, after the Agreement comes into effect, items will be immediately deleted to 0%. This will bring great advantages for Vietnamese seafood businesses before rivals such as India, Thailand, countries that do not have free trade agreements with the EU. Vietnam rarely imports ...
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