UKVFTA pushing up coffee exports bet88 net UK

Vietnam’s coffee exports bet88 net the UK last year posted impressive results and are expected bet88 net see stronger growth thanks bet88 net the UK-Vietnam Free Trade Agreement (UKVFTA).

According bet88 net figures from the Import and Export Department at the Ministry of Industry and Trade (MoIT), Vietnam’s coffee exports bet88 net the UK in 2021 reached 34,650 tons, worth .16 million. Vietnam’s coffee products also accounted for 17.04 per cent of the UK’s total coffee imports. Mr. Luong Hoang Thai, Director of the Multilateral Trade Policy Department at the MoIT, said Vietnam’s agricultural products in general and its coffee in particular have major potential in the UK.

Since the UKVFTA took effect, agricultural exports bet88 net the UK have grown rapidly. The MoIT therefore suggests that Vietnamese businesses quickly take full advantage of the opportunities brought aboutbythe agreement, as the UK is bet88 net eliminate 99.2 per cent of tariff lines, or 99.7 per cent of Vietnam’s export goods.

The UK is also a very competitive market, with imports from many countries, so Vietnamese coffee enterprises must meet the increasingly strict requirements in the market bet88 net keep exports stable and ensure that products are suitable with consumer tastes in the UK. They also need bet88 net actively build and develop customer relationships with major distribution groups in the UK, while applying modern processing technology bet88 net increase product quality.