Prague (VNA) – The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) by the European Parliament (EP) is a major success after more than nine years of negotiations, according to David Jarkulisch, an economic diplomat from the Czech Republic. The Czech Ministry of Foreign Affairs recently published an article by Jarkulisch on the website export.cz, saying the EVFTA is the biggest and most ambitious trade deal that the EU has ever signed with a developing country. It will also bring enormous opportunities for European investors, including those from the Czech Republic, he said. He added that the EVFTA will not only eliminate tariff lines for 99 percent of the goods to be traded, but also facilitate customs procedures and remove non-tariff barriers to trade, thus making it easier for European companies to access Vietnamese government’s public procurement contracts and provide stronger protection for intellectual property rights. For the Czech Republic, … [Read more...] about EVFTA opens investment opportunities for Czech Republic
Farm produce
Vietnam ships milk to China for first time
In 2018, China imported nearly 10 billion USD worth of milk and dairy products. The UN Food and Agriculture Organisation (FAO) forecast the demand for milk and dairy products in China will continue to surge, with an estimated import growth of 45 percent by 2025. … [Read more...] about Vietnam ships milk to China for first time
Another dairy firm eligible for export to China
Hanoi (VNA) – A factory of the Vietnam Dairy Products JSC (Vinamilk) has been allowed by China’s General Administration of Customs (GAC) to export its sweetened condensed milk and other condensed milk products to the country, according to the Vietnamese Ministry of Industry and Trade. Vinamilk is the second Vietnamese dairy producer eligible for export to China, after TH Milk JSC whose sterilized and modified milk products have been put on Chinese shelves since October last year. Vinamilk is running 12 farms across the country, including two under European organic standards and 10 meeting GlobalGAP standards. The GAC said that it is weighing export documents of other Vietnamese dairy companies. With a population of more than 1.4 billion, China has a huge demand for milk and dairy products. China consumes the most milk in the world, with a total value of 60 billion USD. Vietnam targets a rise from 120 million USD to 300 million USD in dairy export revenue to … [Read more...] about Another dairy firm eligible for export to China
