Business

Workshop seeks ways to stabilise exports to US, EU

Local exporters need to proactively meet requirements of their import markets, particularly the provision of full, clear, and accurate information of their products, in order to secure stable sales in the US and EU markets, experts have said.
Local exporters need to proactively meet requirements of their importmarkets, particularly the provision of full, clear, and accurateinformation of their products, in order to secure stable sales in the USand EU markets, experts have said.

They came withthe advice at a workshop to identify risks of exporting goods to the USand EU markets held in Ho Chi Minh City on August 21.

Meanwhile, Deputy Minister of Industry and Trade Tran Tuan Anh calledon businesses themselves to seek effective methods to overcome barriersinstalled by these markets.

According to theofficial, Vietnam’s export turnover recorded an average growth of 15percent in the first eight months of 2014, with stability seen in theUS, EU and Japanese markets.

However, commercial andtechnical barriers and respective business customs remain big hurdles,requiring local businesses to make greater efforts.

In recent time, several export items of Vietnam have been recalled inthe US and EU markets, mainly due to their failure to meet technical andsafety requirements.-VNA
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