7,200 C/Os form EUR.1 issued in first month of running EVFTA

By Uyen Nhu/ Huyen Trang

20:15 | 04/09/2020 Import-Export Follow english.haiquanonline.com.vn on

VCN - Within one month from August 1 (when the EVFTA took effect) to the end of August 31, the authorized organizations have issued more than 7,200 sets of certificates of origin (C / O) form EUR.1 with a turnover of US$277 million to 28 EU countries.

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7200 cos form eur1 issued in first month of running evfta

Items that have been granted a C/O form EUR.1 are mainly footwear, seafood. Photo: N.Hue.

The Vietnam-EU Free Trade Agreement (EVFTA) took effect on August 1, bringing a great opportunity for Vietnam's exports, helping to diversify export markets and commodities. Vietnam's advantageous export products have high tax cuts such as: Agricultural products, seafood, wooden products, garments and textiles, footwear, electronics.

Motivated by the EVFTA, goods originating from Vietnam will improve their competitive advantage over goods originating from competitors in the EU market.

The Ministry of Industry and Trade assessed that the number of issued Certificates of Origin (C / O) form EUR.1 since the EVFTA took effect showed the level of interest of businesses as well as the importance of this market for Vietnamese exports.

The items that have been granted the C/O form EUR.1 C / O are mainly footwear, seafood, plastic and plastic products, coffee, garments and textiles, bags, suitcases, vegetables, rattan and bamboo products.

EVFTA puts great pressure on Vietnamese retailers

Most import markets are countries which have ports,distribution and transshipment centers of the EU such as Belgium, Germany, the Netherlands, France and the UK. In particular, many shipments have arrived in the EU market, cleared customs and enjoyed preferential treatment.

By Uyen Nhu/ Huyen Trang

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