Wto

“Specifically, Vietnamese tuna will have an absolute advantage as the same product from its two main competitors, Thailand and China, may lose attractiveness in terms of price as none of the two countries have signed a free trade agreement with the EU,” Quy said in an analysis sent to Tuoi Tre (Youth) newspaper. … [Read more...] about New free trade agreement to add $16bn to Vietnam’s exports to EU: expert

Vietnamese businesses will not be able to afford the tariff and may have to suspend exports to the US. Truong Dinh Hoe, chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that Vietnamese businesses will not be able to afford the tariff and may have to suspend exports to the US. … [Read more...] about US places heavy tariff on Vietnamese pangasius

Vietnam has adapted its exports with a mutually complimentary commodity structure to its FTA partner countries, including Japan, the RoK, Australia, New Zealand, and the Eurasian Economic Union. In the first 11 months of 2019, exports to Japan, the RoK, ASEAN (the Association of Southeast Asian Nations), Russia, and New Zealand increased 7.6, 10.1, 2.5, 9.1, and 6.8 percent over the same period in 2018, respectively. Exports to CPTPP (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) markets also experienced high growth. Vietnam has taken advantage of the agreement’s commitments to promote exports and diversify export markets. In the first 11 months of 2019, exports to Canada reached US$3.5 billion and those to Mexico totaled US$2.7 billion, up 27.2 and 29.5 percent from the same period in 2018, respectively. … [Read more...] about FTAs deliver boost to exports

Vietnamese rice traders can now access the South Korean market as the Northeast Asian country has offered an annual import quota of 55,112 tons for Vietnamese rice - PHOTO: VNA HCMC - South Korea has opened up its market to Vietnamese rice, setting the annual import quota of Vietnamese rice at 55,112 tons, according to the Import-Export Department at the Ministry of Industry and Trade. … [Read more...] about S.Korea says to import 55,000 tons of rice from Vietnam

According to the MoIT, in the framework of bilateral consultations with the Republic of Korea on the tariff of rice products under the WTO, Vietnam signed with Korea - in the multilateral agreement between Korea and five WTO partners, including Australia, the US, China, Thailand and Vietnam - on the allocation of tariff quotas and bilateral correspondence between Vietnam and Korea on allocation of tariff quotas. Accordingly, starting from January 1 this year, besides allocating a quota of 20,000 tons of rice to all the members of the WTO, South Korea gives a quota of 55,112 tons of rice for Vietnam only. According to the Import-Export Department under the MoIT, the quota allocated for Vietnam includes all rice varieties that the country are able to grow and export. South Korea will ensure to apply a quota allocation mechanism in accordance with the regulations of the WTO and will not cause import restriction effects. The Ministry of Agriculture, Food and Rural Affairs of South Korea … [Read more...] about Vietnam to export rice to South Korea