News

Vietnam: The information that ST24 and ST25 rice enjoy preferential tariffs when exported to the EU is inaccurate

Rice
Vietnam
Regulation & Compliances
Published Apr 20, 2024

Tridge summary

The Department of International Cooperation of Vietnam has addressed misconceptions regarding tax incentives for ST24 and ST25 rice varieties exported to the EU, stating that only nine specific fragrant rice varieties, identified before 2015, currently qualify under the EVFTA Agreement. Efforts are underway to negotiate with the EU to update this list to include additional varieties like ST24 and ST25, reflecting the current export landscape. However, a final decision on expanding the list of rice varieties eligible for tax incentives has not yet been reached.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Specifically, in Official Dispatch No. 205/HTQT-HNDT of the Department of International Cooperation sent to the Office of the Ministry of Agriculture and Rural Development, information on the list of fragrant rice entering the EU market clearly stated that, currently, according to information from the Vietnam Trade Office in Belgium , some businesses exporting rice to the EU are reporting that their ST24 and ST25 rice when imported into the EU still does not enjoy preferential tariffs as reported in the press. Regarding this, the Department of International Cooperation searched on electronic information sites (both visual and electronic newspapers) and reported that two fragrant rice varieties ST24 and ST25 have received tax incentives for export to the market. EU according to citing information from the Ministry of Agriculture and Rural Development. "This information is inaccurate," the Department of International Cooperation affirmed. According to the Department of International ...
Source: Danviet
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