According to the Ministry of Industry and Trade (MOIT), in the month since the coming into effect of the agreement from August 1 – 31, the authorised agencies issued over 7,200 sets of C/Os to eligible Vietnamese products allowing them ship to the EU.

Seafood is among products granted with C/Os to ship to the EU.

The items granted C/Os of the EUR.1 form are mainly in relation to footwear, seafood, plastic products, coffee, textiles, bags, suitcases, vegetables, and rattan and bamboo products, amongst others.

Most import markets are countries with seaports and transshipment centres in the EU including Belgium, Germany, Netherlands, France, and the UK. In particular, many shipments have arrived in the EU market, been cleared and are enjoying preferential treatment.

According to the MOIT, some exporters were concerned that the background colour of the C/O is not green which may affect the enjoyment of preferential tariffs for exported goods into some EU markets, and the ministry immediately talked to the EU representatives regarding this matter.

The EU side had accepted the C/O with the current background colour as a sample that Vietnam developed with the EU.

This has also been notified by the EU to the customs authorities of member countries to ensure that the C/O in its current form as issued by Vietnamese authorised agencies will not be denied preferential tariff treatment.

EVFTA an important boost to exports

The EU - Vietnam Free Trade Agreement (EVFTA) officially comes into effect today, August 1, which is expected to be an important push for Vietnam's exports to the EU, the second largest import market in the world.

Vietnam should focus on taking advantage of opportunities from FTAs

Vietnam should give first priority to implementing and utilising opportunities from free trade agreements (FTA) in the new phase of international economic integration, particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) and other ASEAN’s FTAs with its partners.

EVFTA hoped to take effect on August 1

Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8.

EVFTA good opportunity for Indian investors in Vietnam

The EU-Vietnam Free Trade Agreement is a good opportunity for Indian investors, in Vietnam, Vietnamese Ambassador to India Nguyen Sanh Chau said at an online conference on June 12.

EVFTA, EVIPA approved to boost VN-EU economic, trade relations

National Assembly deputies officially ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) on Monday morning.

Source: NDO