Font Size

Profile

Menu Style

Cpanel

Seafood exports benefit most from Việt Nam-EAEU FTA

Seafood exports benefit most from Việt Nam-EAEU FTA

The aquatic sector will see the most benefits from the agreement between Việt Nam and the Eurasian Economic Union. — Photo www.thinhphatco.com.vn

Nearly 90 per cent of tariffs have been eliminated or reduced, with 59 per cent abolished after the Free Trade Agreement (FTA) between Việt Nam and the Eurasian Economic Union (EAEU) took effect in October 2016.

This is an advantage for Việt Nam when exporting goods to EAEU countries, compared with other countries throughout the world.

The aquatic sector will see the most benefits from the agreement, since the EAEU will reduce its import tax from 10 per cent to zero for aquatic products from Việt Nam, including processed foods.

Some of the processed and canned products, such as tuna and shrimp, will enjoy preferential taxes, but they are groups in which Việt Nam lacks materials. Another 5 per cent of taxes will be applied to other seafood products that are not important exports from Việt Nam.

Agro-forestry products will receive the least benefit. For rice, the EAEU has a set an initial quota of importing 10,000 tonnes of rice per year from Việt Nam with zero taxes. The above-quota amount will be levied as the most-favoured nations (MFN) tax. In addition, Việt Nam’s annual rice export volume is dependent on demands from EAEU countries.

The agreement will not reduce taxes for green tea packages weighing under 3 kg. Zero taxes are applied only for raw Vietnamese coffees and peppers, while there will be no tax exemption or reduction for processed products. — VNS 

Source http://vietnamnews.vn/economy/345823/

关于我们

北京亚洲农业咨询公司(Asian Agribusiness Consulting, AAC)致力于促进亚洲地区农业的发展。无论是刚刚起步的新手,还是潜力无限的蓝筹公司;只要您希望更多的参与亚洲农业经济,AAC愿为您提供专业的调查和咨询服务。

更多

活动安排