SUPA Youreverydayfish VietFish
Export potentials
Seafood exports benefit most from Vietnam-EAEU FTA
November 09, 2016, 12:18 AM
Nearly 90% of tariff lines have been cut and reduced, with 59% abolished immediately as the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) has taken effect since October 2016.

It is an advantage for Vietnam when exporting goods to EAEU countries compared to other countries in the world.

The aquatic sector will get the most from the agreement since the EAEU will reduce its import tax, from 10% to zero, for aquatic products from Vietnam, including processed ones.

Some of processed and canned products, such as tunas and shrimps, will enjoy preferential tax, but they are groups that Vietnam lacks of materials. Another 5% of tax lines will be applied on other seafood products that are not strength of Vietnam.

Agro-forestry products will get the least benefit. For rice, the EAEU has a set an initial quota of importing 10,000 tonnes of rice per year from Vietnam with zero tax. The above-quota amount will be levied the most-favoured nations (MFN) tax. In addition, Vietnam’s annual rice export volume is dependent on demand of EAEU countries.

The agreement will not reduce taxes for green tea packages weighed under 3 kg. Zero taxes are applied only for raw Vietnamese coffees and peppers while there will be no tax exemption or reduction for the processed products.


Quang Tri: The fishing output reached over 7,200 MT (21/05/2020)
Biosecurity shrimp farming using biofloc technology (21/05/2020)
Quang Nam fishermen achieved a bumper fishing season (21/05/2020)
Back to top
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn