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Enhancing Vietnamese agro-products to take advantage of EVFTA

by VTV415 July 2019 Last updated at 11:29 AM

VTV.vn - The European Union is always among the top markets for Vietnamese agro-products, accounting for about 18% of Vietnam's total agricultural exports.

With the EU - Vietnam Free Trade Agreement being signed on June 30th, various chances to approach the EU market will be opened up for not only Vietnam's major exports but also agro-products with latent potential.

In the first year after the EU - Vietnam Free Trade Agreement takes effect, more than 74% of the EU's taxes on Vietnamese agro-products will be eliminated. After 10 years, the figure will increase to 97%. However, eliminated taxes are also accompanied by increasing technical barriers. If Vietnam's agriculture sector cannot create progress, it will miss those opportunities and even lose its foothold in the domestic market.

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