Vietnam and Israel reached progress during the fifth round of negotiations on a free trade agreement (FTA) between the two nations which was recently held in Jerusalem city.
The US Department of Commerce slapped heavy import duties on some steel products from Vietnam after it decided they originated in China, violating the US’s anti-dumping and anti-subsidy orders.
Vietnamese leather and footwear exporters must comply with the EU-Vietnam free trade agreement’s rules of origin and be prepared to deal with EU barriers and anti-dumping measures.
Vietnam’s textile-garment industry still relies heavily on imported materials, with domestic producers importing 86 percent of their fabrics, according to the Vietnam Textile and Apparel Association (VITAS).
To take full advantages of free trade agreements and the EU-Vietnam FTA in particular, it’s important that Vietnam’s garment and textile products meet stiff rules of origin.
Enterprises should master the rules of origin and non-tariff measures laid out in free trade agreements (FTAs) to make the most use of those deals to boost exports.
Vietnamese enterprises should understand and meticulously apply the stringent rules of origin, as well as the exceptions of free trade agreements, to enjoy the best from preferential taxation.
A trade policy forum was held in Hanoi on January 22 with a focus on the Trans-Pacific Partnership (TPP), the EU – Vietnam Free Trade Agreement and their impacts on Vietnamese small and medium firms.
The Vietnam-EU FTA was finalised earlier this month, yet textiles remain a sticking point as EU negotiators fear China will use Vietnam as a backdoor for cheap textile imports into the EU.
Business
