Participants at the event

The event focused on analyzing opportunities for Vietnamese agricultural products to penetrate the EU market, and on introducing future orientations and plans to make full advantage of EVFTA.

Earlier, the signing of EVFTA on June 30th, 2019 brought great opportunities for Vietnam’s agriculture with many export commodities to enjoy tax rate of 0% such as coffee, pepper, honey and aquatic products.

Specifically, for the rice industry, the EU spends a total quota of 80,000 tons a year of milled, unmilled and fragrant rice entitled to 0% tax rate. For seafood products, 50% of tariff lines will be removed as soon as the agreement takes effect and the rest will be lowered to 0% after three to seven years of realizing the agreement. In addition, livestock products, vegetables and furniture will also enjoy preferential tax rates.

In order to help Vietnamese enterprises boost exports of agricultural products to the EU market, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the agriculture sector should increase scale, improve competitive capacity for domestic farms, strictly control the use of chemicals in production, and manage quality by chain, origin, production area code and clear geographical indication.

The two Ministries will work closely to further assist enterprises to boost exports of agricultural products. The Ministry of Industry and Trade will organize training courses for businesses to access the European market.

According to Minister of Industry and Trade Tran Tuan Anh, together with helping businesses find ways to access the market, the ministry will build trade defense measures for Vietnam's agricultural products before the EVFTA officially takes effect./.

BTA