(13th Congress) - In the framework of the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement, EAEU countries pledged to spend 10,000 tons of rice with tariff quotas for Vietnam in 2021, Vietnam News Agency reported.
Photo for illustration
According to the Ministry of Industry and Trade, in determining the allocation of tariff quotas on rice products, as committed in the FTA, on September 8 this year the Council of the Eurasian Economic Commission (EEC) issued Decision No 110 on the allocation of Vietnamese rice import quotas for each member country in 2021.
Armenia has a quota of 400 tonnes, while Belarus9,600 tonnes.
Comprising Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, the EAEU signed an FTA with Vietnam in May 2015, its first with an external partner.
The agreement will abolish 90 percent of tax lines, equal to 90 percent of bilateral trade turnover./.
BTA