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  • Vietnam has signed and implemented 10 free trade agreements

    Nov 1st, 2017

    According to the Minister of Industry and Trade Tran Tuan Anh, Vietnam has signed and put into practice a total of 10 FTAs, thereby creating a large market area for Vietnamese agricultural commodities. better access and better access. Minister of Industry and Trade Tran Tuan Anh clarified four aspects of market management and industrial development in the morning session of the National Assembly. support, market development, and implementation of rural electricity programs. The Minister noted that although the situation of smuggling, trade fraud and counterfeiting is still complicated, it should be objectively assessed that this activity has seen many positive changes.

    Over the past years, ministries and sectors in general as well as the Ministry of Industry and Trade in particular - as the Standing Delegation of the Government Negotiations - have made great efforts to persist in implementing many measures to expand the playing field. For commodities of Vietnam, including agro-forestry and fishery products, and achieved many positive results. Up to now, Vietnam has signed and put into operation a total of 10 FTAs, thereby creating a large market area for Vietnam's agricultural commodities that have the opportunity to access and penetrate well. than. FTAs have had a significant impact on our exports of goods in general and especially agro-forestry products in particular, many of which have well-developed FTAs, thereby promoting growth. Exports are positive compared to before the FTAs. For example, after the AANZFTA Agreement entered into force in 2010, with an import tax rate of 0% as soon as the Agreement entered into force, cashew nut exports to Australia grew at an annualized rate of 12.9% Fisheries reached 6.9% per year.

    Source: Vinacas