25 C
Ho Chi Minh City
Sunday, November 29, 2020

EU announces import quotas for Vietnam’s farm produce

Must read

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...
HCMC – The European Commission (EC) on July 15 publicized import quotas for Vietnam’s rice and some agricultural products and clarified methods of quota management, in line with commitments toward the European Union-Vietnam Free Trade Agreement (EVFTA).

Under EVFTA, which is set to come into force on August 1, Vietnamese farm produce, mainly rice, will be entitled to tariff exemptions on imports to the EU but these products will have annual import quotas, VietnamPlus news site reported.

According to the EC’s announcement, the quotas on the import of farm produce to the EU will be applied from August 1, with the egg import quota set at 208.3 tons from August 1 to December 31 and 500 tons per year.

The annual import quota for garlic will be 400 tons, while that for corn, cassava, tuna, sugar and mushrooms will be 5,000 tons, 30,000 tons, 11,500 tons, 20,000 tons and 350 tons, respectively.

The EC has set an annual import quota of 80,000 tons for rice, with 20,000 tons for unhusked rice, 30,000 tons for husked rice and the rest for fragrant rice.

To ensure stable consumption and avoid inventories of rice in the market, the EC recommended importing 10,000 tons of unhusked rice from January 1 to March 31 each year, the other 5,000 between April 1 and June 6 and the remaining 5,000 tons from July 1 to September 30.

The import of 30,000 tons of husked rice and 30,000 tons of fragrant rice is also being carried out in three phases—15,000 tons of each type of rice in the first phase and each of the 7,500 tons for the second and third phases.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...

Work begins on three components of North-South expressway project

HCMC – On November 19, the Ministry of Transport began work on three components worth over VND4 trillion of the Mai Son-National Highway 45...