Thanks to the effective application of the EVFTA, the export turnover of Vietnam’s agricultural, forestry and fishery products to the EU in August 2020 increased by more than 17% compared to July 2020.
The EU-Vietnam Free Trade Agreement, at its core, aims to liberalise both tariff and non-tariff barriers on key exports of both sides over a period of 10 years. For Vietnam, tariff eliminations will benefit key export industries, including agricultural products such as rice, seafood, and coffee, among others. Localities with key export items are now confident of tapping into the opportunities.
Two months after taking effect, the EU-Vietnam Free Trade Agreement, has brought back several opportunities for Vietnamese exporters. The export growth means Vietnam has made a good use of tariff incentives to expand export markets.
Chairman of the People’s Committee of HCM City Nguyen Thanh Phong on October 29 hosted a reception for a delegation of ambassadors from European Union (EU) member countries.
The authorities of the northern province of Vinh Phuc are implementing a series of measures to help local enterprises fully tap the opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA), which took effect in August 1.
Source: Vietnam+ 
