Free trade agreements (FTA) play an important part in boosting trade and commerce and help the Việt Nam's goods and services find new markets, said minister of industry and trade Trần Tuấn Anh in a report yesterday to an inspection committee organised by the National Assembly to overlook the implementation of FTAs that the country has signed.
Vietnam is likely to be the second best performer of economic recovery in Asia-Pacific, said a report recently released by S&P Global Ratings which revised up GDP growths of regional countries this year in the light of reviving trade and consumption.
Under the terms of the EU-Vietnam Free Trade Agreement (EVFTA), it is anticipated that the EU will offer tax incentives for 10,000 tonnes of white sugar and 10,000 tonnes of products containing over 80% sugar, according to the Agro Processing and Market Development Authority (Agrotrade).
The Government issues Decree No. 111/2020 / ND-CP on Vietnam's Preferential Export Tariffs and Vietnam Special Preferential Import Tariffs to implement the EU-Vietnam Free Trade Agreement (EVFTA) for the 2020-2022 period.
According to the Ministry of Agriculture and Rural Development, after more than onemonth of the Vietnam-EU Free Trade Agreement (EVFTA) took effect, the value of agricultural, forestry and fishery exports to EU in August 2020 was US$350 million, up 17% year-on-year.
Africa Market Department under the Ministry of Industry and Trade, Embassy of Saudi Arabia in Vietnam has just sent an official letter to Vietnamese authorities informing the opinion of the Saudi Food and Drug Authority (SFDA) on allowing 12 Vietnamese enterprises to resume their exportation of some seafood products to the Saudi Arabia market.
Most economic and financial indicators continue to demonstrate Vietnam’s resilience, according to the Vietnam Macro Monitoring report for September of the World Bank (WB).
Tariffs being cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar held by Nhân Dân (People) e-newspaper on Wednesday.
Vietnam, as a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is willing to share information about and its experience in participating in the pact with the UK if the latter is interested, said Foreign Ministry spokesperson Le Thi Thu Hang.
Vietnam has climbed to second place from its previous sixth position in the rankings of biggest suppliers to the United States, as calculated by Jungle Scout, the leading all-in-one platform for selling on Amazon.
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