In the News: Vietnam’s rice exports not much affected by AFTA
VietNamNet Bridge – Vietnamese rice exporters will not be significantly affected by the ASEAN Free Trade Agreement (AFTA), which zeroed out tariff on exports among six member countries of the Southeast Asian Nations (ASEAN), effective on January 1 2010, according to the Ministry of Agriculture and Rural Development (MARD).
The tariff reduction will not have much impact on Vietnamese rice production and trading as the countries does not have many rice export contracts with ASEAN countries, except for the Philippines, said deputy head of MARD’s Institute of Agriculture and Rural Development Policy and strategy.
Five other ASEAN member, including Vietnam, would apply the zero tax rates on the other members in 2015.
