Vietnam'S Textile Export Stability After The EU Abolished 99% Tariffs

Vietnam was once a poor and backward country in the eyes of many people because of its economic conditions. But since Vietnam and the European Union signed the new trade and investment agreement, Vietnam's economic capability has increased a lot. The new agreement is more concerned about the abolition of tariff 99%, and many tariffs are also cancelled on the date the agreement comes into force. A wide range of tariff cancellation has caused many foreign countries to enter, and Vietnam has developed from a backward country to a developed country.

Remember, this year, the Korean company that closed the last Samsung plant in China, under the competitive pressure of the mobile phone market, resolutely positioned its future development in Vietnam, and established the largest mobile phone factory in Vietnam. Cheap labor in Vietnam is the most attractive part, and the advantages of low rent and low tariffs are the main reasons for many enterprises to turn their heads to Vietnam. After a large number of investors and enterprises poured into Vietnam, Vietnamese local residents not only solved the problem of employment, but also lived a comfortable and comfortable life.

When Vietnam's economic capability is stronger and stronger, a large number of entrepreneurs will invest in R & D and establish their own enterprises. The strong light of a country depends on economic maintenance or not enough. It needs the support of technology and ability, and the operation of the economy will become stronger and stronger. Therefore, the abolition of tariffs in Vietnam is also a fundamental force in bringing economic growth to our country. Only when the economy is strong can we think of many things that we dare not think of and make our country stronger and stronger.

The new agreement signed between Vietnam and the European Union is a particularly attractive development direction for the enterprises in the foreign country. Save part of the tariff, so that investors can get more benefits, so that the two sides are beneficial to the agreement plan, why do we not? Since a large number of enterprises settled in Vietnam, Vietnam has a particularly good performance in textile and clothing, many clothing enterprises orders are full of hot year after year.

In addition to reducing the non-tariff barriers of the European Union, Vietnam has also opened up the procurement market and related services to the EU enterprises. Many countries have also changed their purchasing strategies, and Vietnam's exports of textiles have also soared. Under the influence of the opening of the textile market, Vietnam's textile market has also developed from the former simplification to the procurement planning of many countries. One of the purchases is 10-50%, which comes from China, 11%-30% comes from Vietnam, and the rest comes from other countries.

In addition, in Vietnam's trading power, it is no longer a single US settlement. Japan's UNIQLO has been supplying more and more Vietnam since its entry into Vietnam. The supply ratio is about 40%. The order of many enterprises is full of years, and the volume of clothing exports is also rising, which is about 160-180 billion US dollars. On the other hand, the opening advantage of trade market and large tariff relief will still have great hopes in the total export volume of the year to 40 billion US dollars.