Table of Contents/Mục lục
• For Textile industry
After EVFTA takes effect, the import tax rates for garments will gradually decrease to 0% from the MFN (about 12%) within 3-7 years.
• For the Footwear industry
As soon as that Agreement takes effect, The EU commit to eliminate import duties on 37% of the tariff lines of the footwear industry (rubber / plastic waterproof shoes, slippers, materials for footwear … ).
The import tax rate on the remaining amount will gradually decrease to 0% from the MFN level (about 12.4%) within 3 to 7 years.
• For Vegetables industry
As soon as that Agreement takes effect, The EU commit to eliminate 94% of the total 547 tariff lines of fruits and vegetables and fruit-based products, many of which are Vietnam’s strengths such as lychee, longan, rambutan, dragon fruit, pineapple, melon …; 24 tariff lines (4.4%) are subject to the “entry price” tax, including fresh and chilled cucumbers, lemons …; 08 tariff lines are subject to quotas, mainly in some products of agaricus, sweet corn …; and 01 import tax line maintain import duties.
• For meat products
As soon as that Agreement takes effect, The EU commits to eliminate duties on tariffs line on live animals, beef and pork. Eliminate tax within 7 years (in some cases 5 years) on poultry products and some processed products from cows and pigs.
Vietnam has committed to eliminate taxes as soon as the Agreement takes effect on live cows, pigs and chickens imported from the EU. Eliminate tariffs with a 7-10-year roadmap for all types of beef, pork, fresh or frozen chicken.
• For the Dairy industry
The EU will eliminate all tariffs on Vietnamese dairy products after the EVFTA Agreement takes effect.
• For imported cars
Cars imported from Europe into Vietnam will enjoy 0% tax and reduce according to the committed schedule within 7-10 years.
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