HKMB Hong Kong Means Business

Hong Kong Means Business Hong Kong Means Business
  • Login / Register

Languages

  • EN
  • 繁
  • 简
  • Events
  • My Feed
  • Contact HKTDC
  • Subscribe
  • Subscribe

Section Menu

  • Market Opportunities
  • Tech & Innovation
  • Entrepreneurship
  • Sustainability
  • Creativity & Lifestyle
  • HKTDC Updates
  • Featured Topics

Languages

  • EN
  • 繁
  • 简
  • HKTDC.com |
  • About HKTDC |
  • My HKTDC |
  • Login / Register |

HKTDC.com About HKTDC My HKTDC

Login Register

Hong Kong Means Business

Section Menu

  • Market Opportunities
  • Tech & Innovation
  • Entrepreneurship
  • Sustainability
  • Creativity & Lifestyle
  • HKTDC Updates
  • Featured Topics

https://hkmb.hktdc.com/en/NzE4OTU4NDk4

hktdc research
SAVE FOR LATER
SHARE / SEND

"Scan QR Code" in WeChat and tap "..." to share.

VIETNAM: Eurasian Economic Union Alleges FTA Textile Violations

12 April 2021



The Eurasian Economic Commission, the executive body of the Eurasian Economic Union (EAEU), has informed the Vietnamese government that its garment and textile exports have exceeded the amount allowed under the terms of the joint Free Trade Agreement (FTA) between the parties. In all, the Commission claims Vietnam exported more than 1,640 tonnes of jerseys, pullovers, cardigans and waistcoats, exceeding the annual quota of 1,520 tonnes. At the same time, shipments of knitted women’s suits totalled 414.9 tonnes, well above the quota allocation of 382.7 tonnes. 

Under terms of the FTA, this oversupply could result in Vietnamese textile and garment exports losing their preferential tariff status for six to nine months. This would see Most Favoured Nation import duty being payable in line with the specified safeguard measures. At present, it is unclear which, if any, sanction will be imposed, with Vietnam keen to dispute a number of the apparent export/import figures. 

The EAEU comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, and the FTA with Vietnam took effect in October 2016.

BACK TO TOP ^
    Topics:
  • Garments, Textiles & Accessories,
  • ASEAN,
  • Southeast Asia,
  • Viet Nam,
  • fta,
  • EURASIAN ECONOMIC UNION
  • Garments, Textiles & Accessories
  • ASEAN
  • Southeast Asia
  • Viet Nam
Home

Article Topics

ARTICLE TOPICS

GARMENTS, TEXTILES...24676
ASEAN37801
SOUTHEAST ASIA36184
VIET NAM36197
FTA80842

ARTICLE TOPICS

GARMENTS, TEXTILES & ACCESSORIES24676
ASEAN37801
SOUTHEAST ASIA36184
VIET NAM36197
FTA80842
EURASIAN ECONOMIC UNION147570

interest_article

YOU MAY BE INTERESTED IN

23 December 2022

Bespoke tailor London bound

03 December 2022

Building a better tomorrow

10 March 2022

Opportunities open in Vietnam

17 June 2022

Slowing the fast-fashion impact

Related Events

RELATED EVENTS

19 - 22 April 2023

HKTDC Hong Kong International Home Textiles and Furnishings Fair 2023 (Physical Fair)

19 - 22 April 2023

Fashion InStyle 2023 (Physical Fair)

19 - 29 April 2023

HKTDC Hong Kong International Home Textiles and Furnishings Fair 2023 (Click2Match)

26 - 28 May 2023

Chic HK, Shenzhen
FIND AN EVENT

Social Share

FOLLOW US

GET WEEKLY UPDATES

newpaper-img

GET OUR WEEKLY EMAIL UPDATES

banner-img


I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement; I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.


*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

THANK YOU

Thank you for registering.

SHARE THIS STORY

EMAIL
LINKEDIN
WeChat
FACEBOOK
TWITTER
WHATSAPP

ID: HKTDCofficial

Don't have an account?

Create An Account

successfully added on your preferences.