Canned tuna products from Vietnam exported to the EU will be exempted from duty in the quota of 11,500 tonnes / year. How will this quota distribution be made?

Deputy Minister of Foreign Affairs Dang Minh Khoi and his Turkish counterpart Sedat Unal discussed measures to boost relations between Vietnam and Turkey in the context of the COVID-19 pandemic, during their phone talk on June 23. Khoi said Vietnam is willing to share its experience in the pandemic combat and expressed his belief that Turkey will soon contain the disease.

The U.S. decision to withdraw from international efforts to harmonize global tax rules for digital companies risks triggering a new trade war. The move came after the U.S. and a group of nations failed to agree on the best way to tax revenue from digital companies such as Facebook and Alphabet's Google. It's a way for cash-strapped governments to tap deep-pocketed companies whose multinational earnings often escape the taxman's grip. The U.S. says digital taxes unfairly discriminate against American firms and has threatened retaliatory tariffs that could exacerbate the worst global economic downturn since the Great Depression.

The 10th Meeting on the Regional Comprehensive Economic Partnership (RCEP), scheduled for June 23 in Hanoi, is expected to bring a new change to regional and global trade.

The development comes after four years of battle for the market-economy status by China. The designation would have put the country in a stronger position in respect of its commercial and trade partners.

The 36th ASEAN Summit will take place on June 23 in Vietnam against the backdrop of severely damaged business and investor confidence as an impact of the COVID-19 pandemic. Containing and mitigating the spread of the pandemic is the current priority of all ASEAN member states, along with a concerted effort to shore up public health systems.

In the aftermath of the coronavirus pandemic, there have been numerous discussions with regard to the likely beneficiaries of companies wanting to shift from China. In the aftermath of the trade wars, bulk of companies wanting to relocate from China shifted to Vietnam (according to a report, in the period between October 2018 and August 2019, 26/56 companies relocated from China to the ASEAN nation) three companies shifted to India.

The European Union-Vietnam Free Trade Agreement (EVFTA) is set to take effect from July 2020. To make use of the tremendous opportunities from this new generation FTA, one of the key points for many of Vietnam’s export sectors with turnover of billion dollars is to satisfyrules of origin.

The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement(EVIPA) and a series of government policies to promote agricultural processing have opened up a solution to remove difficulties for Vietnam's fruit and vegetable industry as well as opportunities to penetrate potential EU markets. Customs Newsspoke with Mr. Dang Phuc Nguyen, General Secretary of Vietnam Fruit and Vegetable Association, about these issues.

With global production shifting away from China, Vietnam is ready to welcome more manufacturers from Europe thanks to the added benefits of the impending the EU-Vietnam Free Trade Agreement (EVFTA) which is set to come into force in early August.