October 21, 2016

'Vietnam pangasius exports to benefit from FTA with EAEU'

Vietnamese pangasius exports to Russia and other member states of the Eurasian Economic Union (EAEU) will benefit greatly from the free trade agreement (FTA) between Vietnam and EAEU, which has taken effect recently, the Vietnam Association of Seafood Exporters and Producers (Vasep) said.

"The FTA between Vietnam and EAEU not only helps Vietnam access to a big regional market that unites more than 180 million people in countries such as Russia, Kazakhstan, Belarus, Armenia and Kyrgystan, but also Vietnam's goods enjoy the tax rate of 0%", Vasep said.

It added that Vietnam seafood exports, particularly pangasius items shipped to Russia and other member states would benefit greatly from this agreement.

Vietnamese pangasius exports in the first half reached US$790.2 million, up 5.4% year-on-year.