Indeed, it takes at least 10 days for sea freight and a week for rail freight. The rest will disappear in the next 7 years.įrom Vietnam, air freight is, compared to other options, the fastest way to transport your goods. On the other hand, 71% of the tariffs applied by the EU will disappear for Vietnamese exports. In the next ten years, the remaining tariffs will be gradually eliminated. Since the entry into force of the free trade agreement, 65% of the tariffs applied in Vietnam disappear for EU products. Also, with 80% of the flows from Vietnam to Europe, this agreement is particularly beneficial for Vietnam and its exports. This is a particularly important step in the consolidation of economic exchanges between these two entities. It provides for the elimination of almost all customs duties, 99% to be exact, between Vietnam and EU countries. Signed on June 30, 2019, this agreement came into force on August 1, 2020. What is the free trade agreement between the European Union and Vietnam? Vietnam: 49th customer for France and 22nd.France: Vietnam’s 15th largest customer and 21st largest exporter.Textile, footwear, cell phones and sports products: these are the products most imported to France from Vietnam. ![]()
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