14:17 | 09/11/2016 MUTRAP Corner
A high-level trade mission comprising over 40 businesses in farm products and food led by EU Commissioner on Agriculture and Rural Development Phil Hogan visited Ho Chi Minh City on November 4.
A business forum for Vietnamese buyers held by EU businesses - Photo: VGP
The EU Commissioner underlined the importance of promoting trade on agricultural products and food between the two sides on the basis of the Vietnam-EU Free Trade Agreement (EVFTA).
He said the pact, which has been concluded negotiations, will bring big opportunities for both Vietnamese and EU producers in seeking markets for high-quality agricultural products.
Vietnam ranks 21st among the bloc’s trading partners and is the second largest trading partner of the EU in ASEAN; while the EU is among Vietnam’s largest trading partners, with bilateral trade reaching 38.4 billion EUR (41.93 billion USD) last year, with the latter enjoying a trade surplus.
In 2015, the EU earned 129 billion EUR from agricultural product and food exports, making it the world’s biggest exporter.
According to the EU, not only Vietnamese people are keen on agricultural products and food from
EU businesses consider