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VN domestic textile, garment firms yet to take benefits of FTA breaks

Related Keywords: face a big challenge, FTAs, Garments and textiles are key export items, ignored on the much touted edges, import around sevent percent of its materials, meet requirements under the rules of origin, signed by the country, to enjoy preferential tariffs, trade agreements, Vietnamese domestic garment and textile companies, weak materials supply

Vietnamese domestic garment and textile companies have, for the foremost half, ignored on the much-touted edges of trade agreements (FTAs) that was signed by the country, experts aforesaid at seminar yesterday.

Vietnam has signed twelve trade agreements, of that ten FTAs have inherit force: VN-ASEAN, ASEAN-India, ASEAN-Australia-New Sjaelland, ASEAN-South Korea, ASEAN-China, ASEAN-Japan, Vietnam-Chile, Vietnam-Japan, Vietnam-South Korea and Vietnam- Eurasian Economic Union, said Nguyễn Ngọc Hòa, deputy director of the HCM town Department of trade and Trade.

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