EVFTA-Upcoming steps & Benificial facts

The Europe – Vietnam Free Trade Agreement (EVFTA) is the FTA that a lot of sewing factories in Vietnam has been waiting for.

On the end of June 30th, 2019, EVFTA was officially signed which will put the import – export between Vietnam and Europe to a whole new better step.

The upcoming procedures might end up with the effective date of this EVFTA on the very first half of 2020.

It was a pleasure to acknowledge that the Garment industry will take the most of this whenever it effects.

71% of the import tariff will be reduced and will be 99.2% (B7) after 7 years since the effective date of the EVFTA.

I am looking forward to further instruction to apply for EVFTA Certificate of Origin from MOIT and VCCI.

I’ll keep you posted on any news on EVFTA on our company website.

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