Vietnam export 2023 and criteria bongdaso com vn new generation bongdaso com vn FTAs

03.02.2023

In the context bongdaso com vn green growth, circular economy is becoming a global trend and is required as a positive solution to reduce emissions, improve competitiveness, and aim to be carbon neutral and sustainable development, Vietnam needs to pay attention to the "greenness" bongdaso com vn the production chain.

Since the beginning bongdaso com vn 2023, when exporting goods to markets that have signed the Free Trade Agreement between Vietnam and the European Union (EVFTA Agreement), Vietnamese enterprises no longer apply generalized scheme bongdaso com vn preferences (GSP) but must apply the preferential tariff regime according to the commitments bongdaso com vn the EVFTA Agreement. Vietnam also enters the fifth year bongdaso com vn implementation bongdaso com vn the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with higher requirements on "green" standards for products and goods when exporting to the markets in CPTPP.

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The implementation bongdaso com vn FTAs is the implementation bongdaso com vn commitments, with the focus on the elimination and reduction bongdaso com vn import tariffs on goods according to the road map. That is to say, when negotiating and signing a certain FTA, negotiators are based on the qualifications and capacity bongdaso com vn their countries to ensure that businesses and the economy can meet that "roadmap". Furthermore, the roadmap is often set in certain time periods, with increasingly strict requirements.

For example, the elimination bongdaso com vn import tax (to 0%) in the CPTPP Agreement is mostly a 3-7 year roadmap (in few cases, the roadmap can be more than 10 years and there are fewer tariff lines that are in import tax elimination process lasting more than 20 years). When Vietnam joins the FTA playground, it comes to both sides to have more market opportunities and to affirm its compliance with the vital competition in the inevitable existence bongdaso com vn an "open" economy.

Mr. Tran Thanh Hai - Deputy Director bongdaso com vn the Import-Export Department, Ministry bongdaso com vn Industry and Trade said: "The competition for us to boost exports is actually a constant competition to be able to innovate and improve quality as well as meet the needs bongdaso com vn consumers”.

However, a business community with more than 96% being small and medium-sized enterprises, limited potential, in order to promote technological innovation and invest in production that meet with the standards bongdaso com vn high value market can be more challenging.

At the trade promotion conference with the overseas Vietnamese Trade Office system, Vietnam Trade Counselor Mrs.Nguyen Thi Hoang Thuy - in charge bongdaso com vn the Vietnam Trade Office in Sweden (concurrently Denmark, Finland, Iceland, Norway, Latvia) noted that the Nordic countries are particularly interested in issues bongdaso com vn climate change and environmental protection. In the 2023 budget estimates bongdaso com vn these countries, a part bongdaso com vn it aims for green investment activities and support for environmental protection.

This will continue to influence Nordic consumption behaviors – with the trend towards using recycled, eco-friendly products, which continuing to be popular in Northern Europe.

Mrs. Thuy emphasized the "European Green Agreement", with a series bongdaso com vn strategies launched aimed at "making the EU climate neutral by 2050". Vietnamese enterprises need to understand the regulations as well as market trends to ensure the requirements when they want to export to these markets.

“The farm-to-fork strategy, which is one bongdaso com vn the most important goals, is to reduce 50% bongdaso com vn pesticide usage by 2030. As a result, suppliers and farmers will have to look for modern alternatives other than traditional pest control. Farmers may also have to adjust their farming practices to meet the new regulations. This is the reason why the EU regularly issues reviews on exceeding the threshold bongdaso com vn banned substances,” said Ms. Nguyen Thi Hoang Thuy.

As a key export industry bongdaso com vn Vietnam, when participating in the global supply chain, the Vietnamese leather and footwear determines to comply and meets the high standards bongdaso com vn new generation FTAs such as CPTPP and EVFTA, which bring both challenges and opportunities for Vietnamese businesses and workers.

Ms. Phan Thi Thanh Xuan - Vice President and General Secretary bongdaso com vn the Vietnam Leather - Footwear - Handbag Association stated the fact: "The requirements, especially green production for supply chains are posing challenges,

Firstly, on the EU side, we see that the laws related to the compliance bongdaso com vn safety goods standards when export to the EU market is updated every year. Secondly, the German market will soon introduce a new law on increasing consultation in the supply chain for third parties, this is also one bongdaso com vn the conditions that businesses must comply with. If we do not respond timely, we will fail when exporting to this market”.

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From the actual activities bongdaso com vn enterprises exporting organic food (which are foods produced and processed without using chemicals such as chemical fertilizers, preservatives, pesticides, growth hormones, antibiotics, biological or genetically modified organisms, etc.).

Vietnam's import-export strategy to 2030 sets the target bongdaso com vn sustainable export growth with an average export growth rate bongdaso com vn 6-7% per year in the period 2021 – 2030. Particularly, in 2023, the Ministry bongdaso com vn Industry and Trade set a target bongdaso com vn export growth bongdaso com vn about 6% compared to 2022. Many people think this is a "modest" goal, but state management agencies insist that it is "not easy to achieve" ".

In addition to the difficulties and challenges bongdaso com vn the global economic downturn, inflation leading to limit spending on non-essential goods and other elements, there is also an urge to ensure meeting standards bongdaso com vn the markets and consumers' awareness are increasingly the importance bongdaso com vn environmental protection, green and sustainable development.

Source: https://vov.vn/kinh-te/xuat-khau-2023-va-nhung-doi-hoi-cao-tu-cac-fta-the-he-moi-post999484.vov

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