One Month After The Entry Into Force Of The Vietnam EU Free Trade Agreement, Business Opportunities Are Emerging

According to the Saigon Liberation Daily on September 4, Vietnam's Ministry of industry and trade announced on September 3 that the Vietnam EU free trade agreement (evfta) came into effect on August 1 this year, bringing huge business opportunities to Vietnamese exporters and helping to diversify export markets and commodities, especially agricultural products, aquatic products, wood products, textiles, garments, leather shoes and electronic equipment, which Vietnam has advantages in We have greatly reduced the tariff preference.

Under the evfta agreement, Vietnam's exports of goods produced will have an advantage over other competitors in the EU market. After the above-mentioned agreement comes into effect, the actual data of EU. 1 origin certification can show the enterprise's attention to the market and the importance of the market to Vietnam's export. One month after the entry into force of the agreement (August 1-31), the entrusting agency has issued more than 7200 EU. 1 certificates of origin certification for Vietnam's goods sold to EU, and the export value to 27 EU countries reached 277 million US dollars. The products certified are mainly leather shoes, aquatic products, plastics and their products, coffee, textile and clothing, handbags, luggage, fruits and vegetables, bamboo and rattan woven fabrics, etc. Most of the import markets are European Union countries with seaports, distribution centers and transit centers, such as Belgium, Germany, France, Britain and the Netherlands. Among them, the customs clearance time of many batches of goods arriving in the EU market is preferential.