Tags: new-generation ftas

New-generation FTAs offer impetus to textile supply chain restructuring

New-generation FTAs offer impetus to textile supply chain restructuring

VOV.VN - With tax incentives given, new-generation Free Trade Agreements (FTAs) Vietnam has signed are expected to open up a wealth of opportunities for the garment and textile industry to attract foreign direct investment (FDI) to develop local supply chains, according to insiders.

Commitment level of tariffs in new-generation FTAs comes under scrutiny

Commitment level of tariffs in new-generation FTAs comes under scrutiny

VOV.VN - Up to 99% of tariff lines with partner countries are poised to be eliminated over the course of the 10-year roadmap set out in new-generation trade pacts such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the Ministry of Industry and Trade.

Firms urged to be more active under FTAs’ pressure

Firms urged to be more active under FTAs’ pressure

The participation in new-generation free trade agreements (FTAs) has proved to be a driving force for exports but also posed challenges for Vietnamese firms in meeting importers’ requirements and competing with foreign rivals right in the domestic market.