Agricultural exports to the EU surge

Wednesday, 14/10/2020 17:36
After 2 months of EVFTA (EU – Vietnam Free Trade Agreement) being in effect; exports of agricultural products to the EU have seen positive changes, according to the Ministry of Agriculture and Rural Development.

Processed agricultural exports soar

Exports of agricultural products to the EU have seen positive changes

Total export value of agricultural products from August 1 to the end of September reached an estimated USD711 million. Compared to July, the export value of farm produce of the country to the EU in August and September increased 16.6% and 20.3%, respectively.

The ministry said that in the upcoming time, it will continue to speed up restructuring the agricultural sector towards added value increase and sustainable development, building planting area codes and geographical indications, and working towards meeting EU standards of origin, quality and food safety.

Additionally, export enterprises are encouraged to expand investment in intensive processing to fully tap opportunities and incentives brought by the EVFTA, especially for processed products.

The ministry continues to build a program to lure foreign direct investment (FDI) capital from the EU to Vietnam’s agriculture sector, linking the country’s agriculture with the global value chain./.

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