The Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) will facilitate products of Indonesia to enter the market of the Republic of Korea (RoK), Indonesian Deputy Minister of Trade Jerry Sambuaga said on December 8.
A workshop discussing opportunities for Vietnamese businesses to increase export of agricultural and aquatic products to Russia and the Eurasian Economic Union (EAEU) was held by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Trade Office in Russia and the Russian trade representative office in Vietnam, on November 2 in Hanoi.
Since the EU - Vietnam Free Trade Agreement (EVFTA) took effect, the country’s imports from the EU have been rising sharply, with many commodities posting import value of billions of US dollars.
The European Chamber of Commerce (EuroCham) has applauded National Assembly resolutions ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), its Chairman Nicolas Audier said.
Under EVFTA commitments, as soon as the agreement comes into effect, the EU will eliminate about 85.6 percent of tariff lines on Vietnamese goods, equivalent to 70.3 percent of Vietnam's revenue from exports to the bloc.
The European Union-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), scheduled to become effective in July, will help improve Vietnam’s business and investment climate and boost its institutional reform, thus contributing to fostering its growth in a long term, according to an official.
The European Union – Vietnam Free Trade Agreement (EVFTA), once taking effect, will benefit the agricultural sector of Vietnam which is leading the world in pepper exports and ranking second in terms of coffee exports, third in rice, fourth in seafood and fifth in wood and wood products.
The EU-Vietnam Free Trade Agreement (EVFTA), which was freshly signed in Hanoi on June 30, is expected to bring about many opportunities for Vietnamese enterprises, especially those involved in exporting major products like seafood, apparels, footwear, and farm produce.
The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) will help promote the comprehensive partnership and trade relations between Vietnam and the EU, as heard a seminar held in Brussels on June 24.
Vietnamese tra fish exporters are confident that their business will continue to thrive in the coming time despite facing anti-dumping duties and expansion of farming areas in many rival countries.
The elimination of many tariff lines for goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam’s exports to Japan increase sharply in the first quarter of 2019, according to the General Department of Vietnam Customs.
Japan is set to lift 86 percent of the tariff lines for Vietnamese products in line with its commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnam holds great advantages to export agricultural products to European Union (EU) countries, whose soil is not suitable for the cultivation of tropical farm produce, experts said.
The Hanoi State Treasury must collect 1.3 trillion VND (around 55.5 million USD) per day for the budge to fulfill the target set for the whole year, said its director Dao Thai Phuc at a recent meeting.
Vietnam-Thailand trade is likely to hit 20 billion USD in 2020, but the target to keep the trade value in balance may not be met with Vietnam currently running huge trade deficit with the neighbouring country.
Australia will cut 90 percent of import tariff lines in 2018 and 100 percent of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement roadmap, said the Ministry of Industry and Trade.
About 5,000 tariff lines will be cut to zero percent after the free trade agreement between Vietnam and the Eurasian Economic Union took effect on October 5.
About 5,000 tariff lines will be cut to zero after the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) took effect on October 5, 2016.
Import tax on 4,959 types of goods from the EAEU countries will be reduced to zero immediately when the free trade agreement (FTA) between Vietnam and the union takes effect this year.
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