EVFTA benefits agriculture sector

by VTV427 June 2019 Last updated at 11:37 AM

VTV.vn - Vietnam exported some US$ 5 bln of agricultural products to the EU each year, even before the EVFTA. The figure will increase when the trade pact is signed.

Many agricultural products such as coffee, pepper, and honey, will enjoy a tarriff free status right after the agreement comes into effect.

About 50% of Vietnamese seafood products will be eliminated from tax schedules. The remaining 50% of product lines will enjoy the exemption in the following three to seven years.

Taxes of 59.95% of livestock product lines will return to 0% as soon as the agreement comes into effect while the figure for wooden products will be 87.55%.

For fruits, vegetables, and processed products, 520 out of 556 of product lines will enjoy the 0% tarriffs.

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