Vietnam should make most of ‘golden time’ to boost exports to EU: diplomat
Illustrative image (Photo: VNA)
Vietnamese exporters should make the most of the advantages created by the EU-Vietnam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market, according to Nguyen Van Thao, Vietnamese Ambassador to Belgium and head of the Vietnamese delegation to the EU.
He affirmed that now is a ‘golden time’ for Vietnam to boost its trade ties with the EU, as those advantages are not permanent.
At present, Vietnam is one of the four Asian countries and two in the Association of Southeast Asian Nations (ASEAN) engaged in FTAs with the region which is home to over 450 million people and has a total GDP of more than 16 trillion USD.
Thao also suggested ministries, sectors, and localities to build long-term strategies, even for the next 20 years, which can identify commodities able to gain a firm foothold in the EU market, and potential fields to enhance cooperation.
The diplomat proposed the Government soon define priority fields to promote cooperation in digital economy and circular economy with the EU.
According to the ambassador, with a coastline of over 3,260km, Vietnam holds huge potential to develop maritime economy – which is also a spearhead sector of Europe.
However, bilateral cooperation in this aspect remains modest, with the European Commission’s ‘yellow card’ warning on illegal, unregulated and unreported (IUU) fishing being a barrier, noted Thao.
He expressed his belief that, with drastic moves by the Government, localities and fishermen, the yellow card can be removed, opening up opportunities for bilateral collaboration./.
Related News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Risk prevention solutions for processing and export manufacturing businesses
07:52 | 29/04/2024 Regulations
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Latest News
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
More News
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
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
Your care
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export