The percentage of duty exemptions is equivalent to 70.3% of Vietnam’s exports to the EU, according to the inter-sectorial steering committee for international economic integration. Vietnam and the EU have achieved more results for trade in goods than other sectors.
Last week, Vietnam and the EU said they had reached an agreement in principle on the FTA. Days after, the committee said the EU would remove 99.2% of tariff lines, or 99.7% of Vietnam’s goods shipped to that market seven years after the trade accord takes effect.
This has been excerpted from a 15 August 2015 news item by Vietnam.Net and is available in its entirety at: http://english.vietnamnet.vn/fms/business/138696/tariff-cuts--exemptions-for-vietnam-eu-fta-clarified.html