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July 4, 2019
Vietnam’s wood products to expand on the EU market due to free trade deal
Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products. It is expected to give Vietnamese wood exporters better market access and more opportunities to expand their business. The EU is among the top five buyers of Vietnamese wood and timber products, accounting for 13 – 17 percent of Vietnam’s wood exports. In 2018, Vietnam’s export of wood and timber products reached a record value of 9.3 billion USD, 900 million USD of ...
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