May 11, 2022 | 20:58 (GMT+7)
Rice exports to E.U. quadruple in Q1
Vietnam exported 22,500 tons of rice to the E.U. for nearly 18 million USD in the first quarter of 2022, roughly a four-fold increase in both volume and value compared to the same period last year thanks to preferential tariffs enjoyed under the E.U.-Vietnam Free Trade Agreement (EVFTA).
In the first four months of this year, over 30,000 tons of Vietnamese rice were shipped to E.U. nations, earning the country some 23 million USD, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Italy rose to the top of E.U. importers, with spending on Vietnamese rice surging 26-fold year-on-year. Other major buyers included Germany, France, the Netherlands and Sweden.
Under the EVFTA, the E.U. is committed to purchasing 80,000 tons of rice annually from Vietnam, which will enjoy zero duties in 3-5 years.
The shipments include 30,000 tons of milled rice, 20,000 tons of unmilled rice and 30,000 tons of fragrant rice.
Source: VNA