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August 18, 2020

Implications for the forest industry of the EU-Vietnam free trade agreement

Implications for the forest industry of the EU-Vietnam free trade agreement

The EU is one of the top 5 markets for wood and wood products (W&WP) exported from Vietnam. In 2019 the W&WP exports to the EU (then including the UK) was reported at US$865 million.

With the European Union – Vietnam Free Trade Agreement (EVFTA), which entered into force on 1 August 2020, Vietnam’s W&WP export to EU are expected to penetrate new markets rather than just France, Germany, Netherlands, Belgium, Denmark and Spain as was the case prior to the EVFTA.

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