Business

Free trade deals facilitate fruit and vegetable exports: insiders

Free trade agreements are opening the doors for Vietnamese fruit and vegetable firms to increase export revenue this year, according to the Vietnam Fruit & Vegetables Association (VinaFruit).
Free trade deals facilitate fruit and vegetable exports: insiders ảnh 1Processing dragon fruits for export (Photo: VNA)
Hanoi (VNA) – Free trade agreements are opening thedoors for Vietnamese fruit and vegetable firms to increase export revenue thisyear, according to the Vietnam Fruit& Vegetables Association (VinaFruit).

With the effectiveness of the UK-Vietnam Free TradeAgreement (UKVFTA), more than 94 percent of the 547 tax lines for vegetables,fruits and products from vegetables and fruits will have the tax rate of zeropercent.

There will be more market access advantages for manyproducts that are the strengths of Vietnam such as lychee, longan, rambutan,dragon fruit, pineapple and melon in the context of competitors such asBrazil, Thailand, Malaysia, which have no FTAs with the UK on tropical fruits.

Noting that requirements in quality, food safety, quarantineand origin are becoming higher in foreign markets, Nguyen Thanh Binh, VinaFruit Chairman, held that it is necessary to strengthen linkages in all stages fromproduction, processing, storage and selling to connections amonglocalities and regions, creating a sustainable and effective value chain.

He said that localities and businesses should focus onlarge-scale production and the application of high technology as well as goodproduction practices such as VietGAP and Global GAP, thus increasing theorganic percentage in farm produce and providing a large volume of high qualitymaterials for processing and exporting.

Meanwhile, authorised agencies should provide market information and helpenhance producers and businesses’ awareness to minimise problems and risks whenengaging in fruit and vegetable production and import activities, he said.

Statistics from the Ministry of Agriculture and RuralDevelopment showed that fruit and vegetable exports in the first four months ofthis year hit 1.35 billion USD, up 9.5 percent year on year.

China was the largest market of Vietnamese fruit andvegetable products in the first quarter of 2021 with 64.7 percent of the marketshare.

From the beginning of 2021, Vietnam has increased exports toother potential markets such as Egypt, Kuwait, Ukraine and Senegal.Particularly,  fruit and vegetable export revenue to Ukraine rose 7 times inthe period, making it a promising market in this year and beyond./.
VNA
#Vietnam Fruit & Vegetables Association (VinaFruit) #UKVFTA #fruit and vegetable #VietGAP #Global GAP #Vietnam #Vietnam news #Vietnam News Agency
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