Vietnam: Fruit and vegetable businesses benefit from trade agreements

According to the Vietnam Fruit and Vegetable Association, taking advantage of free trade agreements such as the EU-Vietnam Free Trade Agreement (EVFTA) and the UK-Vietnam Free Trade Agreement (UKVFTA) is helping to pave the way for businesses to increase fruit and vegetable export turnover this year. In particular, the UKVFTA promises to create a new driving force for economic and trade cooperation in the coming time as more than 94% of the total 547 tax lines for fruits and vegetables and fruit and vegetable products have a tax rate of 0%. Many products that are Vietnam’s strengths such as litchi, longan, rambutan, dragon fruit, pineapple, melon, etc. will have more advantages in market access in the context of fruits from competitive countries such as Brazil, Thailand, Malaysia, etc. have no free trade agreements with this market. Facing the trend of increasing protection of domestic production, increasing self-sufficiency has created many new barriers such as reducing illegal ...