Vietnamese Textile And Garment Shoes Are Benefited From The Signing Of The FTA Agreement.

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According to the Multilateral Trade Assistance Program signed by Vietnam and the EU, the assessment of bilateral economic development from March to 2020 was put forward in March. The tariff applicable to footwear products will be reduced to 0% in order to replace the 12.4% tariff currently applicable.

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Vietnam has exported $2 billion 700 million to the European Union last year. When Vietnam and the European Union sign FTA, it is estimated that the amount of Vietnam's export and sale of EU textile products will be increased by more than US $3 billion. In addition, because the FTA standard has at least 90% preferential tariffs on wood products, it will be lowered from the current average 20% to 25% tariff to 0%, and the amount of Vietnam's exports to the EU will also be greatly improved at that time. P

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< p > and according to the Mr. Claudio Dordi, head of the European Union delegation, according to Mutrap-, after the signing of FTA by Vietnam and the European Union, it is expected that the amount of Vietnam's exports to the EU will be increased by 30% to 40%, and Vietnam's economy can also benefit from the FTA, including Vietnam's average annual profit of 1 billion 500 million US dollars, GDP growth 2% to 2.5%, and the actual wages of workers will increase by 5%, from 2020 to Vietnam.

The amount of imports from the EU will also grow by 25% to 35%.

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Up to now, the European Union is one of Vietnam's important trading partners. Vietnam has exported more than 24 billion US dollars to every country in the world every year. The EU has accounted for 1/4, while Vietnam's imports from the EU account for 13% of Vietnam's total imports.

At present, the average tariff of Vietnam's exports to the European Union is 4.6%, while the European Union's exports of wine and tobacco to Vietnam must also face high import tariffs.

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"P" > a href= "//www.sjfzxm.com/news/index_p.asp" > Vietnam "/a" and the European Union ended the 7 round of negotiations last week. Vietnam suggested that the EU consider the difference between Vietnam and other countries in economic development, and enhance the more flexible norms of Vietnam's products such as rice, aquatic products, textiles and footwear.

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