EVFTA helps boost Vietnam’s agricultural exports to EU
Vietnam earned an estimated 711 million USD from exporting agricultural products to the European Union (EU) in August and September, according to the Ministry of Agriculture and Rural Development.
EVFTA helps boost Vietnam’s agricultural exports to EU (Photo: tuoitre.vn)
Hanoi (VNA) – Vietnam earned anestimated 711 million USD from exporting agricultural products to the EuropeanUnion (EU) in August and September, according to the Ministry of Agricultureand Rural Development.
The export value of farm produce of the country to EU in August and September increased16.6 percent and 20.3 percent, respectively, against the figure of July.
The ministry said it will accelerate restructuring of the agricultural sector,focusing on raising added value and sustainable development, building plantingarea codes and geographical indications, and working towards meeting EU standardsof origin, quality and food safety.
Measures will also be intensified towards removing the European Commission (EC)’s yellow card warning regarding illegal,unreported, and unregulated fishing (IUU) for Vietnamese aquatic products.
The ministry has encouraged export enterprises to expand theirinvestment in intensive processing to fully tap opportunities and incentivesbrought by the EU – Vietnam Free Trade Agreement (EVFTA), especially forprocessed products, it said.
It is also building a programme to attract foreign direct investment (FDI)capital from EU to Vietnam’s agriculture sector, assisting with the country’sjoining in the global agriculture chain./.
The free trade agreement between Vietnam and the EU (EVFTA) is expected to bring 3.2 billion USD worth of benefits to Vietnam in 2020, while helping the Southeast Asian nation expand export markets and engage deeper into the global value chain, said experts.
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Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
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EVFTA helps boost Vietnam’s agricultural exports to EU (Photo: tuoitre.vn) 
