News

Vietnam: ST24 and ST25 rice do not yet enjoy preferential tariffs when exported to Europe

Rice
Vietnam
Regulation & Compliances
Published Apr 20, 2024

Tridge summary

Vietnamese exporters of ST24 and ST25 rice varieties to the EU have faced issues with not receiving preferential tariffs, despite reports suggesting otherwise. The Department of International Cooperation clarified that only nine fragrant rice varieties are currently eligible for tax incentives under the EVFTA Agreement, a list that was established before 2015 and does not include ST24 and ST25. Efforts are underway to negotiate with the EU to update this list to better reflect the current export landscape and include these varieties. The Department is also working to correct misinformation to ensure smooth negotiations and prevent confusion among exporters.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Currently, according to information from the Vietnam Trade Office in Belgium, some businesses exporting rice to the EU reflect that their ST24 and ST25 rice when imported into the EU still does not enjoy preferential tariffs. The Department of International Cooperation (Ministry of Agriculture and Rural Development) has searched on electronic information sites (both visual and electronic newspapers) and reported that two fragrant rice varieties ST24 and ST25 have received export tax incentives. to the EU market. According to a representative of the Department of International Cooperation, this information is inaccurate. All news articles are posted from December 18, 2023 - January 31, 2024. Within the framework of implementing the ongoing EVFTA Agreement, there are currently 9 fragrant rice varieties that enjoy tax incentives within the quota when exported to the EU, including: Jasmine 85, ST5, ST20, Nang Hoa 9, VD20, RVT , OM4900, OM5451 and Cho Dao Resources. This list was built ...
Source: Agriculture
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.