Vietnam ships first batch of coffee to EU under EVFTA

Vietnam on September 16 launched exporting of coffee to the European Union under the EU-Vietnam Free Trade Agreement (EVFTA).

The first batch of 296 tonnes of coffee packed in 14 containers is shipped by the Vinh Hiep 400 Co. Ltd. in Pleiku city, the Central Highlands of Gia Lai to Germany and Belgium.

Domestic coffee is expected to enjoy better value in the EU market in the near future due to the EU eliminating tariffs placed on all unroasted or roasted coffee products.

Indeed, import duties will decrease by between 7 percent and 11 percent to zero, while processed coffee will also enjoy a preferential tariff of zero from its previous rate of between 9 percent and 12 percent.

1216-vna-potal-vietnam-ships-first-batch-of-coffee-to-eu-under-evfta-5019308
The export launching ceremony is held at the Vinh Hiep 400 Co. Ltd. in Pleiku city, the Central Highlands of Gia Lai. (Photo: Hong Diep/VNA)
1309-vna-potal-vietnam-ships-first-batch-of-coffee-to-eu-under-evfta-145144192-5019349
The first batch of coffee is for export to the EU. (Photo: Hong Diep/VNA)
1246-vna-potal-vietnam-ships-first-batch-of-coffee-to-eu-under-evfta-5019328
The coffee processing line of the Vinh Hiep 400 Co. Ltd. in Pleiku city, the Central Highlands of Gia Lai. (Photo: Hong Diep/VNA)
1238-vna-potal-vietnam-ships-first-batch-of-coffee-to-eu-under-evfta-5019336
Coffee produced by the Vinh Hiep 400 Co. Ltd. in Pleiku city, the Central Highlands of Gia Lai is qualified for export to the EU. (Photo: Hong Diep/VNA)
1336-vna-potal-vietnam-ships-first-batch-of-coffee-to-eu-under-evfta-5019324
The export launching ceremony is held at the Vinh Hiep 400 Co. Ltd. in Pleiku city, the Central Highlands of Gia Lai. (Photo: Hong Diep/VNA)
EVFTA provides boost for agricultural exports to European Union

EVFTA provides boost for agricultural exports to European Union

A range of local agricultural products is set to enjoy tax incentives brought about by the European Union-Vietnam Free Trade Agreement (EVFTA) following the recent ...

Seafood exports increase after EVFTA comes into effect

Seafood exports increase after EVFTA comes into effect

The Vietnam Association of Seafood Exporters and Producers (VASEP) has said that seafood exports to Europe have seen many positive signs since the EU-Vietnam Free ...

EVFTA offers new prospects to European economies

EVFTA offers new prospects to European economies

The EU–Vietnam Free Trade Agreement (EVFTA), which came into effect on August 1, not only opens up opportunities to spur Vietnam's economy but also offers ...

(Source: Hong Diep/VNA)