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05 Aug
09:37

EU trade agreement to benefit Vietnam steel industry

Vietnam’s steel industry is expected to benefit from the EU-Vietnam Free Trade Agreement (EVFTA) implemented from 1 August, as it seeks to expand export markets, Kallanish notes. The EU will eliminate tariffs on Vietnam’s industrial products over seven years. According to the Vietnam Steel Association (VSA), the EU has accounted for only slightly over 3% of Vietnam’s annual steel export value in recent years. Vietnamese exports have faced nu…
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