Related Keywords: challenge for local exporters, devaluation of ruble, granting Vietnam preferential export tariffs, Russian standards higher than EU, textiles and garments, Vietnam and Russian FTA, zero percent tariff
The final negotiation between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan on their free trade agreement (FTA) concluded last month is expected to sign the agreement early this year granting Vietnam preferential export tariffs on textiles and garments, agricultural produce, seafood, footwear and furniture. With the effect of FTA, many of those products are expected to enjoy zero-percent tariffs.
