Vietnam's Ministry of Industry and Trade helps enterprises export food to RCEP market

Vietnam's Ministry of Industry and Trade helps enterprises export food to RCEP market! For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.comsn 90% sold to China.

To better assist enterprises to get timely information on food import and export regulations, standards and conditions in the markets of Regional Comprehensive Economic Partnership Agreement (RCEP) member countries, the Department of Trade Promotion of the Ministry of Industry and Trade of Vietnam is expected to hold a consultation event for exporting to RCEP markets such as Australia, Indonesia, Malaysia and China in Binh Duong province on June 8.

 
RCEP includes 15 countries including China, Japan, Korea, Australia, New Zealand, Indonesia, Malaysia, Philippines, Thailand, Singapore, Brunei, Cambodia, Laos, Myanmar and Vietnam. The agreement, which enters into force in early 2022, includes commitments to liberalize goods, services, investment, simplify customs procedures and establish rules of origin to promote trade facilitation and reduce trade barriers. The agreement is expected to bring benefits to Vietnam's major export sectors.
 
Pham The Cuong, Vietnam's Commercial Counselor in Indonesia, Tran Le Rong, Head of Vietnam's Commercial Office in Malaysia, and Nguyen Thu Hong, Head of Vietnam's Commercial Office in Australia will attend the event and provide information about the agricultural and food markets in their locations.
 
In addition, Qian Zhaogang, Executive Chairman of the Chongqing Chamber of Commerce for Import and Export in China, will present information and regulations on the food market in the Chinese market.
 
According to economic experts, the RCEP agreement has opened up more opportunities for Vietnamese enterprises to increase exports and expand markets, especially for commodities in which Vietnam has advantages, such as rice, coffee, pepper, cashew nuts and seafood.
 
The significance of RCEP for Vietnam's exports is even more important against the backdrop of the still greater uncertainty about the new crown pneumonia epidemic and the fact that China is recovering faster than Europe, the US and other important markets for Vietnam.
 
The FTA will provide opportunities for new supply development due to its commitment to open up markets for goods, services, and investment as well as rules of origin and trade facilitation measures within the RCEP.
 
The agreement also establishes a stable and long-term export market for ASEAN countries against the backdrop of recent supply chain instability. the implementation of RCEP also helps to establish a binding legal framework in areas such as trade and investment policy, intellectual property rights, and e-commerce, and creates a level playing field in the region.
 
In addition, due to the harmonization of rules of origin within RCEP, Vietnam's exports can better meet the requirements to enjoy preferential tariffs, thus increasing Vietnam's exports to the region, especially to markets such as Japan, South Korea, Australia and New Zealand.
 
It is worth noting that China, South Korea and other major suppliers of raw materials to Vietnam have joined RCEP, making it easier for Vietnam's exports to comply with the rules of origin and thus better able to enjoy the preferences of RCEP.

Consulting service for China's imports & exports, please contact us.

Ms. Linda Li
0086（0）21 3538 3306
sinoloben@thecustoms.com.cn

As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Ex