At the event (Photo: VNA) Hanoi (VNA) – 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. In particular, when the EU-Vietnam Free Trade Agreement takes effect, Vietnamese products will gain a competitive edge in the market as tariff lines will fall to 0-5 percent over the next seven to 10 years. At the Vietnam-EU Trade Forum held by the Ministry of Industry and Trade’s Department of European-American Market in Hanoi on December 6, Deputy Minister Cao Quoc Hung stressed that the EU is a prosperous economic bloc, with a gross domestic product (GDP) accounting for 23 percent of the world’s economy, and an income per capita mounting to 40,890 USD. With 28 member states, the EU’s total population reaches some 516 million people with high demand for imports, including farm produce. Meanwhile, more than 10 key Vietnamese … [Read more...] about Vietnamese farm produce holds huge potential in EU market
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Forum promotes exports of agricultural products to EU
Participants shared the trends of Vietnam’s agricultural products in major export markets and their experience in the development of smart agriculture – one of the EU’s strategies. Speaking at the forum, Deputy Minister of Industry and Trade, Cao Quoc Hung, emphasised that the EU is a prosperous economic region with its GDP accounting for 23% of the world’s nominal GDP and an annual average per capita income up to US$40,890. The forum offered an opportunity for economic experts to share difficulties and challenges for Vietnam – EU trade, helping enterprises to remove barriers and obstacles in production and business as well as providing updates and forecasts on the EU’s policies and regulations for imported agriculture products. Many trade experts said that the first barrier for the exports of Vietnam’s agricultural products to the EU market was the lack of linkage between farmers and enterprises. According to a representative from the MoIT, … [Read more...] about Forum promotes exports of agricultural products to EU
Xi heads to Portugal as China”s influence worries EU partners
LISBON: Chinese President Xi Jinping arrives in Portugal Tuesday (Dec 4) for a two-day visit to strengthen ties, amid concern in some EU capitals over China's growing influence on the continent. In an op-ed in the Portuguese press, Xi stressed the importance of China's relationship with Portugal as part of a broader network of trade links stretching across Asia, Africa and Europe. (Photo: AFP/Luis Acosta) Fresh from a visit to Spain last week, his two-day stay in Portugal will include a meeting with President Marcelo Rebelo de Sousa and the signing of cooperation agreements. One of them will bring the Portuguese port of Sines, in the southwest, into what China calls the "new Silk Road", an initiative that offers loans to build railways, roads and ports across Asia, Europe and Africa. In an op-ed published Sunday in Portuguese newspapers, President Xi stressed the importance of China's relationship with Portugal as part of a broader network of trade links. But China's growing … [Read more...] about Xi heads to Portugal as China”s influence worries EU partners
Trade between Vietnam, Poland to pick up after EU-VN FTA: experts
Cao Thi Phi Van, deputy director of the Investment and Trade Promotion Centre, said that Vietnam and Poland had a long business history but the latter had not invested much in Vietnam. Poland is the sixth largest country in the EU, with a GDP per capita of around US$13,800 in 2017. With a large, skilled labour force, the country ranked 24th on the World Bank Group’s Doing Business list last year, according to Piotr Harasimowicz, chief representative officer of the Polish Investment and Trade Agency in HCM City (PAIH). According to Krzysztof Hajlasz, business development manager of PAIH, Vietnam mainly exports electronics and equipment, footwear, textiles and agricultural goods such as coffee, pepper, coconut and cashew to Poland. Meanwhile, Poland mainly exports animal products, pharmaceuticals and cosmetics to Vietnam. According to Hajlasz, Poland imports a great deal of rice, fruit and oil products from other European countries but very little from Vietnam, which is highly … [Read more...] about Trade between Vietnam, Poland to pick up after EU-VN FTA: experts
Trade between Viet Nam, Poland to pick up after EU-VN FTA: experts
The expected free trade agreement next year between Viet Nam and the EU will go a long way toward fully tapping the trade potential that exists with Poland, experts said during a conference held in HCM City on Tuesday. Cao Thi Phi Van, deputy director of the Investment and Trade Promotion Centre, said that Viet Nam and Poland had a long business history but the latter had not invested much in Viet Nam. Poland is the sixth largest country in the EU, with a GDP per capita of around US$13,800 in 2017. With a large, skilled labour force, the country ranked 24th on the World Bank Group’s Doing Business list last year, according to Piotr Harasimowicz, chief representative officer of the Polish Investment and Trade Agency in HCM City (PAIH). According to Krzysztof Hajlasz, business development manager of PAIH, Viet Nam mainly exports electronics and equipment, footwear, textiles and agricultural goods such as coffee, pepper, coconut and cashew to Poland. Meanwhile, Poland mainly exports … [Read more...] about Trade between Viet Nam, Poland to pick up after EU-VN FTA: experts