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The EU is a potential market for Vietnam's shrimp industry next year.
(Photo: VNA)Source: VNA
Friday, 26/4/2024
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If the domestic shrimp industry takes advantage of preferential tariff and implements rules of origin under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam's shrimp exports to the EU will increase from next year, said Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).Hoe said, according to the EVFTA signed on June 30, 2019, the tariffs of most raw shrimp, including fresh, frozen and chilled products, imported from Vietnam into the EU will be reduced from the basic rate of 12-20 percent to zero as soon as the agreement comes into effect, expectedly next year. Meanwhile, import tariffs of processed shrimp will fall to zero after seven years.With those tariffs, Vietnam has many advantages in exporting its shrimp products to the EU, according to the association. Currently, the EU accounts for about 31 percent of total world...
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The EU is a potential market for Vietnam's shrimp industry next year.
(Photo: VNA)Source: VNA
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