EVFTA brings myriad opportunities for Vietnam exporters: official
The EU-Vietnam Free Trade Agreement (EVFTA), two months after taking effect, has brought back several opportunities for Vietnamese exporters, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Ho Chi Minh City on October 17.
HCM City (VNA) – The EU-Vietnam Free TradeAgreement (EVFTA), two months after taking effect, has brought back several opportunitiesfor Vietnamese exporters, said Deputy Minister of Industry and Trade Tran QuocKhanh at a conference held in Ho Chi Minh City on October 17.
At the function that reviewed the conduction of the EVFTA’s rulesof origin, Khanh named aquatic goods as the most-benefited product since the beginning.In August and September, the export of fishery products to the EU and UK reeledin about 263 million USD, up 17.1 percent against the same period last year.
Meanwhile, in September, rice exports brought back 1.74million USD, increasing 168 percent from August.
As heard at the event, authorised organisations have so far issuedclose to 15,000 certificates of origin (EUR.1 movement certificate) for exportedproducts worth nearly 700 million USD. Most of these goods, including footwear,fishery, plastic, coffee, and garment-textile products, have been shipped to EU’scountries like Belgium, Germany, the Netherlands, and French.
Khanh said the export growth means Vietnam has made a gooduse of tariff incentives to expand export markets.
However, despite preferential tariff, the penetration of theEU market still face difficulties and Vietnamese enterprises need to meet aseries of non-tariff barriers from the bloc, including rules of origin.
According to Nguyen Cam Trang, deputy head of the Ministryof Industry and Trade’s Import-Export Department, in addition to the assessmentof the conduction of the EVFTA’s rules of origin, related agencies andlocalities have also worked to spread information on policies targeting exportsto the EU, and promptly clear questions on the rules from associations andexporters./.
The HCM City Customs Department has been implementing a number of measures to help the local business community optimise the benefits to be had from the EU-Vietnam Free Trade Agreement (EVFTA) and boost import-export activities.
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Illustrative photo (Source: VNA) 
