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EVFTA opens door wider for Vietnamese goods

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(VOVWORLD) - The EU-Vietnam Free Trade Agreement (EVFTA) plays a key role in bringing Vietnamese agro-fishery products into the European market, according to Vietnam’s Trade Counselor in Belgium and the EU Tran Ngoc Quan. 
EVFTA opens door wider for Vietnamese goods - ảnh 1Illustrative photo. (VNA/Dinh Hue)

He noted that tariffs on many agricultural products were immediately reduced to 0% when the trade pact took effect in 2020 or else will gradually decrease to 0% over a period of 3-5 years.

Mr. Quan said exports from the EU to Vietnam increased 25% over the past 2 years.

He recommended that Vietnam shift from producing large quantities for a reasonable cost to producing sustainable products with added value to better meet EU standards.

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