Related Keywords: Asean, competitive advantage, European Trade Policy and Investment Support Project, export-import duties, Japanese market, preferential tariff, RCEP agreement, trade barriers, Vietnames made textile product
Vietnamese-made textile products at present enjoy a preferential tariff in Japan due to ASEAN+1 (ASEAN plus Japan) and the Vietnam-Japan Economic Partnership Agreement as similar items from China are subject to 15-20% tariffs.
Preferential tariffs may no longer be a competitive advantage for Vietnamese goods over those from China in the Japanese and South Korean markets after the Regional Comprehensive Economic Partnership (RCEP) agreement is signed.
