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.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-03-29 12:20 UTC

WEATHER FORECAST