20,000 tonnes of raw sugar per year to be exempt from EU import duties
The implementation of the EVFTA on August 1 has served to present a wealth of opportunities aimed at promoting the export of Vietnamese agricultural products and foodstuffs to the EU market through offering substantial tax reductions.
In line with the commitments outlined in the EVFTA, all products that have been classified in accordance to tax lines on the EU Tariff List are set to be exempt from import duties, with an annual tariff quota reaching 20 000 tonnes of raw sugar.
Under the regulations for sugar and sugar confectionery that are stipulated in the trade deal, products whose origin are classified under tax line 1701.14.90 in the EU Tariff List will enjoy an exemption of import duties with a quota of 400 tonnes per year.
Accordingly, Agrotrade has requested that the Vietnam Sugar Association (VSSA) notify their subsidiary units to strengthen co-ordination with the department, in addition to the Vietnamese trade office in the EU, in an effort to promote the export of sugar and products that contain sugar to the fastidious market
Related News
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Export of wood pellets under downward pressure
11:57 | 22/03/2023 Import-Export
Vietnam is on the right track to remove the "yellow card" warning
09:40 | 06/03/2023 Import-Export
Domestic sugar under pressure on home turf
15:42 | 17/02/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export