20,000 tonnes of raw sugar per year to be exempt from EU import duties
The implementation of the EVFTA on August 1 has served to present a wealth of opportunities aimed at promoting the export of Vietnamese agricultural products and foodstuffs to the EU market through offering substantial tax reductions.
In line with the commitments outlined in the EVFTA, all products that have been classified in accordance to tax lines on the EU Tariff List are set to be exempt from import duties, with an annual tariff quota reaching 20 000 tonnes of raw sugar.
Under the regulations for sugar and sugar confectionery that are stipulated in the trade deal, products whose origin are classified under tax line 1701.14.90 in the EU Tariff List will enjoy an exemption of import duties with a quota of 400 tonnes per year.
Accordingly, Agrotrade has requested that the Vietnam Sugar Association (VSSA) notify their subsidiary units to strengthen co-ordination with the department, in addition to the Vietnamese trade office in the EU, in an effort to promote the export of sugar and products that contain sugar to the fastidious market
Related News
Customs instructs C/O submission for imported cane sugar products
09:38 | 13/03/2024 Regulations
Use outdated vehicles or off-load vehicles to transport illegal sugar
19:05 | 17/12/2023 Anti-Smuggling
Bright signals from major export markets
13:27 | 21/12/2023 Import-Export
Fiscal policy maintains and ensures national financial security
10:28 | 05/12/2023 Finance
Latest News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
More News
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Early warnings reduce risks in trade defense
18:09 | 21/04/2024 Import-Export
Rubber exports are flourishing, promising potential
17:51 | 20/04/2024 Import-Export
Vietnam becomes biggest rice supplier for Singapore
17:49 | 20/04/2024 Import-Export
Your care
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export