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June 19, 2020
Wood product exporters to benefit from the newly ratified Vietnam/EU trade deal
The government in Vietnam has ratified the Vietnam/EU trade deal which, it is hoped, will help boost the country’s manufacturing sector and exports. The deal, when it takes effect in July this year, means the EU will cut tariffs on over 80% of Vietnamese goods and Vietnam will lift duties on close to 50% of its imports from the EU and phase out the rest over 10 years. The EU-Vietnam Free Trade Agreement (EVFTA) is expected to open the door wider for Vietnamese exports to the EU and help ...
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