Zero tariff on Chinese produce puts pressure on Vietnam

Thousands of products from member countries of the ASEAN-China Free Trade Agreement (ACFTA), including China, will enjoy a preferential tariff of zero percent if exporters can show a C/O (certificates of origin) as prescribed by the Ministry of Industry and Trade (MOIT).

The government has released the list of import items enjoying a preferential tariff, the majority of which are farm produce, including vegetables & fruit.

Pham Chi Lan, a renowned economist, warned that the zero percent tariff will put pressure on Vietnam’s farm produce. Chinese products have been flooding the Vietnamese market over many years thanks to low prices.

Source: english.vietnamnet.vn

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