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VN textile and garment sector to benefit with signing of EVFTA next year

Related Keywords: ample opportunities to upgrade, benefit from preferential tariffs, entry into force, EU-Vietnam Free Trade Agreement, EVFTA, expected to be signed next year, maximum of seven years, Only “EVFTA originating” products, provide tariff preferences, value chain for textile and garment sector, Vietnamese exporters to the EU

The EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed next year which will provide tariff preferences to Vietnamese exporters to the EU. There will also be ample opportunities to upgrade the value chain for the textile and garment sector. Only “EVFTA originating” products will benefit from preferential tariffs for a maximum of seven years after entry into force, said EU-MUTRAP team leader Claudio Dordi.

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