Standardization for agro-value chain

When it officially takes effect, the EU-Vietnam Free Trade Agreement (EVFTA) will have a positive impact on promoting Vietnam’s exports, especially agro-products, to the EU. However, what the Vietnamese side needs to do is to standardize the value chain in the country. Along with textiles and garments, footwear, machinery and phone components, agro-products in the Mekong Delta are affording a big opportunity when tariffs are eliminated immediately or reduced gradually after the EVFTA takes effect. According to the Ministry of Industry and Trade’s Import-Export Department, the EU market has a huge demand for imports, with about US$2.338 trillion in 2018. Vietnam’s exports...