Garment sector gears up to meet FTA’s rules of origin
To take full advantages of free trade agreements in general and the EU-Vietnam free trade agreement in particular, it’s important that Vietnam’s garment and textile products meet stiff rules of origin.
The issue was discussed at a recent workshop in Hanoi.
According to experts, if failing to meet rules of origins, Vietnam’s textile and garment products won’t enjoy tax incentives offered by FTAs.
According to experts, if failing to meet rules of origins, Vietnam’s textile and garment products won’t enjoy tax incentives offered by FTAs.
The EU-Vietnam Free Trade Agreement will come into force in 2018, connecting Vietnam - one of ASEAN’s most dynamic manufacturing hubs with the EU – one of the world biggest markets with GDP of over US$18 trillion, accounting for 22% of the world’s total GDP and a population of over 500 million. 99% of EU tariffs on Vietnamese products will be removed.
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