Applying Free Trade Agreements to Boost Exports to the EU Market

Thu Huyen• DNUM_DAZBAZCACB 10:13

(Baonghean.vn) - At the conference, speakers helped businesses understand and effectively apply the commitments in EVFTA, UKVFTA, especially the Rules of Origin of goods, which are important and necessary in promoting import and export activities in Nghe An.

On the morning of October 30, the Department of Industry and Trade coordinated with the Import-Export Department, Ministry of Industry and Trade to organize a training conference on applying the rules of origin in the EVFTA and UKVFTA free trade agreements to boost exports to the EU market.
The training conference was directly delivered by Mr. Tran Ngoc Binh - Head of Import-Export Department of Ho Chi Minh City - Import-Export Department, Ministry of Industry and Trade; Ms. Nguyen Thi Trong Nghia - Deputy Head of Import-Export Department of Ho Chi Minh City - Import-Export Department, Ministry of Industry and Trade.

In the first 10 months of 2021, although production, business, and import-export faced many difficulties due to the impact of the Covid-19 pandemic, the province's export enterprises overcame difficulties and adjusted plans to boost exports. As of the first 10 months of the year, the total export turnover is estimated at 1.3 billion USD; of whichexport goodsreached 1,032 million USD, increased by 58.5%, achieved and exceeded 13.4% of the yearly plan.

Lãnh đạo Sở Công thương cùng các phòng ban dự tập huấn tại điểm cầu Nghệ An. Ảnh chụp màn hình: Thu Huyền

Leaders of the Department of Industry and Trade and departments attended the training session at Nghe An bridge. Screenshot: Thu Huyen

However, there are only more than 30 enterprises exporting to the EU market. Export turnover to this market only reached more than 30 million USD in 2020 and reached 27 million USD in the first 9 months of 2021, accounting for only 3-4% of the province's total export turnover.

Phó giám đốc Sở Công thương Lê Minh Tú phát biểu khai mạc hội nghị tập huấn. Ảnh chụp màn hình: Thu Huyền

Deputy Director of the Department of Industry and Trade Cao Minh Tu delivered the opening speech at the training conference. Screenshot: Thu Huyen

Although the EVFTA and UKVFTA trade agreements are expected to bring many opportunities for Vietnamese enterprises in general and Nghe An in particular, compared to otherFree Trade AgreementUnlike EVFTA and UKVFTA, EVFTA and UKVFTA have many new and more complex points, both in terms of the way criteria are expressed and the accompanying regulations. Therefore, the training content will help businesses understand and effectively apply the commitments in EVFTA and UKVFTA, especially the Rules of Origin of goods, which are important and necessary in promoting import and export activities in the province in the coming time, thereby assigning tasks and organizing the effective implementation of the two Agreements in the province.

Mr. Tran Ngoc Binh - Head of Import-Export Department in Ho Chi Minh City - Import-Export Department, Ministry of Industry and Trade shared the procedures for certifying the origin of goods in the Free Trade Agreement between Vietnam and the European Union.Screenshot: Thu Huyen

At the conference, speakers shared contents related to procedures for certifying the origin of goods in the Free Trade Agreement between Vietnam and the European Union (EVFTA); Rules of origin of goods under the Free Trade Agreement between Vietnam and the United Kingdom of Great Britain and Northern Ireland (UKVFTA), and points to note.

Nhà máy dệt may đã được đầu tư ở nhiều địa phương, thu hút nguồn lao động tại chỗ. Ảnh Thu Huyền

Vietnam's textile and garment industry is expected to benefit in the long term thanks to EVFTA. In the photo: Textile and garment factory in Thanh Tien, Thanh Chuong. Photo: Thu Huyen

At the training conference, businesses, business associations, business establishments, and craft villages focused on discussing difficulties and obstacles in the practical application of the rules of origin in the EVFTA and UKVFTA agreements to work together to resolve them.

The speakers' guidance on implementing commitments related to import and export goods helped businesses effectively apply the Agreements to boost exports to the EU market...