Vietnam ranks first in exporting coffee, cashews, pepper in Europe

That is confirmed by Phil Hogan Day, Commissioner for Agriculture and Rural Development of the European Union at a press conference by the Delegation of the European Union held in HCM City on 4-11.

Mr. Phil Hogan spoke at the press conference. Photo: NH

The press conference was held within the framework of his visit to Vietnam last High Commissioner agricultural business delegation, the food of the European Union. This activity is aimed at promoting links between the EU and Vietnam in the field of agricultural trade, food, based on the foundation of a free trade agreement Vietnam-EU.

His followers Hogan, free trade agreements Vietnam - EU recently completed negotiations to bring great opportunities for both manufacturers Vietnam and Europe in search of the rapidly growing market for high-quality agricultural products from both sides. Agricultural products exported to Europe's global growth in the past always have and achieved annual turnover of up to 129 billion euros in 2015. Since then help Europe become the export of agricultural products - food No. 1 in the world. 

The good news is not only Vietnam increasingly interested in agricultural products and foodstuffs in Europe where the number of consumers in Europe interested in the specialties of Vietnam are also increasing. The impressive growth of the export products of Vietnam in the European market in recent years, especially the nearly 20 billion euro trade surplus in favor of Vietnam in 2015, which mainly through agricultural fields, food, have expressed most precisely enormous potential for this.This potential will be optimally utilized through most bilateral FTA implementation process as well as the removal of tariffs beginning in 2018. 

At the press conference, he also shared Hogan, in addition to items such as coffee, cashew, pepper ..., European consumers want to be more use of agricultural products, high-quality food Vietnam. At the same time, Europe also wants to bring high quality products to our Vietnam, especially meat and dairy products. In this context, there should be competition between businesses to consumers get good food. However, Hogan also confirmed he is in favor of competition, towards jointly developed rather direct confrontation. 

Accordingly, the head of the agricultural sector of the European Union expressed a wish to be given the new technology from Europe to Vietnam in order to improve the quality of agricultural products and foodstuffs. From that enhance exports of agricultural products and food from Vietnam to Europe, reducing the status of agricultural commodities in Vietnam bounced when imported into Europe as last time.

2015, trade turnover between Vietnam - EU reached 38.4 billion euros. In which the value of imports into the EU reached 29.9 billion euros, the value of exports to Vietnam reached 8.4 billion euros. Also in 2015, Vietnam was ranked 21 in the list of trading partners of the EU, while the EU is the largest trade partner of Vietnam 2nd, just behind China. EU-28 countries as well as overseas markets of Vietnam 2nd largest after the United States. Vietnam has become the largest trade partner of the European 2nd in ASEAN, after Singapore.

 

Source: Customs OL