FTA with the Eurasian Economic Union: big door openedAfter years of negotiations, 29-5, the free trade agreement (FTA) between Vietnam and Eurasian Economic Union (comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan) was signed. Vietnam became the first country outside the Commonwealth of independent States (CIS) have the FTA, which opens great opportunities for the export of goods.90% tax line was cut about 0%Like bilateral and multilateral FTAS with many other partners, the FTA between Vietnam (VN) and Eurasian Economic Union (the Union) of interest mainly to 8 main areas as trade goods; the service; investment and can move; rules of origin; Government procurement; commercial defence; Customs cooperation and the facilitation of trade goods; intellectual property and legal issues and institutions. The important thing, with this FTA, the product structure of the category two area will complement and promote import and export turnover, at least have the exclusion as the FTA of ASEAN or ASEAN + ...Immediately after the FTA VN and the Union is executed, the 90% tax line of the two sides will be cut to 0%, equivalent to 90% of bilateral trade turnover. The agreement has also achieved the goal of Viet Nam's basic set out, that is the commodities are in the interest of high priority are all favorable conditions are achieved. Such as aquaculture, VIETNAM has achieved almost 100% of the volume of exported goods are entitled to the tax rate of 0%. For textiles and footwear also reached the rate of more than 80% of the tax taken to 0%, the remainder will gradually decrease according to the roadmap commitments. In addition, many items have the advantage of exporting to countries in the Union such as farm produce, furniture ... will also enjoy low tax rates.The AU agreed to open the market to have the roadmap for the Union for some livestock products, some industrial items include machinery, equipment, vehicles, iron and steel, petroleum ... In General, these items are not direct competition with commodities VN, which on the contrary contribute to diversify more domestic consumer market. Such as milk and milk products, some cereals products ... Although VIETNAM lifted taxes but in the present context, the Union's agricultural production mainly serves domestic demand, yet the focus for exports should the forecast in the first 5 years of enforcing the accords, VIETNAM agriculture will not markedly affected by the import of agricultural products from the FTA.Need to change perception of export to RussiaAccording to the initial assessment of the Union, when the agreement takes effect, import-export turnover in the two parties will reach 10-12 billion in 2020 (2014 reaches about 4 billion dollars). According to estimates of VN, Vietnam's exports to the Union will increase by about 18% to 20% annually.Recognition of the opportunity to increase exports to the Union, many businesses (DN) said, the long Union, especially Russia is Vietnam's long row but because the tax rate is too high causing growth CAGR is very low. VIETNAM textile & garment group pointed out that every year the Union added about 17 billion textiles, song of the new DNVN market only accounts for 2%, with a value of about 700 million due to the tariffs apply for quota in this area are very high. But when the FTA, turnover could increase to 50% thanks to the tax cuts many lines, so the competitiveness of textiles VN will be better. Many companies in the fisheries also delighted when FTA is signed. Is REAL strong on fish exports, said Duong Ngoc Minh, Chairman of the company hung Vuong, said Russia is the second-largest market after the U.s. company, therefore, the lifting of taxes when the FTA takes effect for COMPANIES accelerate exports.Besides the advantages from the tax cut, the FTA also poses many challenges such as geographical distance between VIETNAM and other countries in the coalition so far away, yet convenient transportation. Recommendations from industry, COMPANIES need to carefully survey the survey of transportation routes, stations, depots, to ensure the best cost but still retain the quality of the goods. Learn the rules, the laws of the partner countries also affect to the loss in export by each country with these characteristics, there are technical barriers as well as separate regulations. The risks in payments from the Commonwealth in General fell away, but for many reasons should the payment in foreign currencies such as EUR, USD is still difficult ...Với kinh nghiệm làm ăn thành công tại Nga - thị trường chủ lực trong Liên minh, một số DN chia sẻ, điều quan trọng nhất là DNVN cần có chiến lược, có cam kết mạnh mẽ về chất lượng hàng Việt nhằm thay đổi nhận thức hàng hóa VN tại Nga, từ “dùng được, giá rẻ” tiến tới “chất lượng tốt, giá chấp nhận được”. Cần xem trọng việc gắn kết với hệ thống các nhà phân phối tại nước sở tại để tìm chỗ đứng vững chắc cho hàng hóa. Mức tiêu thụ cũng như thu nhập của người dân Nga bây giờ đã cao hơn, do vậy nhu cầu sử dụng hàng hóa phải có chất lượng, nếu chỉ cạnh tranh về giá sẽ không ổn.
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