At a garment-textile factory in Da Nang city (Illustrative photo: VNA)Hanoi (VNA) – Vietnam’stextiles enjoying preferential export tariff to the Eurasian Economic Union(EAEU) are likely to surpass the trigger level which results in the applicationof asafeguard measure cited in the Vietnam-EAEUFree Trade Agreement (VN-EAEU FTA), the Ministry of Industry and Trade (MoIT)has warned.
In a diplomatic note sent to the MoIT onSeptember 15, the Eurasian Economic Commission noted that women’s wear shipped from Vietnam from the start of theyear to July hit 79.4 percent of the trigger level.
According to the MoIT, the EAEU may apply atrigger safeguard measure for Vietnamese goods in case the import volumesduring a calendar year exceed the trigger level.
Depending on the exceeding import volumes,Vietnam’s textiles may face most favoured nation (MFN) treatment for six ornine months.
Firms exporting such products to the EAEU areadvised to devise plans in an appropriate, timely and effective manner./.
