According to the Vietnam Association of Seafood Exporters and Producers, Vietnam’s fisheries export to the EU is having a great opportunity in a large market with an average consumption of seafood of 22 kg per head, 5.3 kg more than the world average.
The trade deal will also create a major turn for Vietnam’s shrimp export with nearly 50% of the tariff lines of up to 22% will go down to zero percent.
The EU is now the world’s 2nd largest timber importer. Though Vietnam is one of the top 5 timber exporters and processors but its export to the EU remains modest accounting for just more than 1% in total timber imports of the EU.
The EVFTA is also expected to help boost Vietnam’s garment, textile, and footwear sector with Germany, France, and Belgium being the main market. The EU which consumes around 2.5 million tons of rice a year will be a potential market for Vietnam’s rice export which valued nearly 11 million USD last year.
- Fisheries exports drop in June
- EVFTA helps boost Vietnamese agricultural exports to meet EU standards
- Vietnam’s rice export in 6 months reached nearly 3.5 million tons, up 18%
- Fishery export down 10 percent in June
- How does EVFTA impact on State revenue?
- Vietnam’s road to push rice export to EU under EVFTA
- Aquatic exports to the EU to enjoy zero tax once EVFTA takes effect
- Aquatic exports to EU to enjoy zero tax once EVFTA takes effect
- Exporters fear coronavirus will cause more pain