The recent signing of the EU-Vietnam Free Trade Agreement (EVFTA) has opened the door wider for Vietnamese farm produce to make inroads into the more than 500-million people strong market. According to Chairman of the Vietnam Pepper Association Nguyen Nam Hai, Vietnam exports about 40,000 tonnes of pepper to the EU each year, meeting 53 percent of the market’s demand. Along with pepper, other agricultural products are gaining foothold in EU countries such as fruits, vegetables and cashew nuts. Nguyen Quoc Toan, Director of the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agricultural and Rural Development, said the EU is one of the three biggest importers of Vietnamese farm produce. In the first eight months of 2019, the EU market accounted for more than 12 percent of Vietnam’s agricultural exports, he noted. Deputy head of the European-American Market Department under the Ministry of Industry and Trade Tran Ngoc Quan said the EU is committed to removing 94 percent of the total 547 tariff lines for vegetables and fruits after the EVFTA comes into effect. Apart from farm produce, the EU is also the second largest seafood importer of Vietnam, making up 17 percent of the country’s… Read full this story
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