Eurasian Economic Union gives Vietnam tariff quota of 10,000 tonnes of rice in 2021

Illustrative photo (Source: VNA)

Eurasian Economic Union (EAEU) countries pledged to provide a tariff quota of 10,000 tonnes of rice from Vietnam next year under the Vietnam-EAEU Free Trade Agreement.

According to the Ministry of Industry and Trade, in determining the allocation of tariff quotas on rice products, as committed in the FTA, on September 8 this year the Council of the Eurasian Economic Commission (EEC) issued Decision No 110 on the allocation of Vietnamese rice import quotas for each member country in 2021.

Armenia has a quota of 400 tonnes, while Belarus9,600 tonnes.

Comprising Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, the EAEU signed an FTA with Vietnam in May 2015, its first with an external partner.

The agreement will abolish 90 percent of tax lines, equal to 90 percent of bilateral trade turnover./.