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    Home > Food News > Food Articles > Free trade agreements bring opportunities for the export of Vietnamese wine products

    Free trade agreements bring opportunities for the export of Vietnamese wine products

    • Last Update: 2021-10-09
    • Source: Internet
    • Author: User
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    Vietnam's " Customs Online" reported on September 28 that at present, Vietnamese wine only accounts for 0.
    1% of the global market share , ranking 59th among global wine exporting countries
    .
    Vietnam should make good use of various free trade agreements to promote more opportunities for Vietnamese wine to be exported to South Korea and other markets
    .
     
    According to the Ministry of Industry and Trade of Vietnam, alcohol exports have decreased in recent years, and during the period of the implementation of various epidemic prevention and control measures, the consumption of alcohol products in many countries has shown an increasing trend
    .
    More typical are countries such as Canada, Finland and South Korea that have joined and signed a new generation of bilateral and multilateral free trade agreements (FTA) with Vietnam
    .

     
    In particular, the Korean market is a country with a large consumption of alcoholic beverages in the world
    .
    The country’s imports of alcoholic beverages are increasing, especially wine, because wine is healthier than beer or spirits, especially for young female consumers
    .

     
    It is worth noting that, because of the epidemic, it is necessary to stay at home frequently.
    Not only South Korea, but many other countries in the world are also increasing imported alcohol, fermented beverages and alcoholic beverages
    .
     
    The representative of the Ministry of Industry and Trade of Vietnam assessed, “From the above data, it can be seen that this is an opportunity to promote the export of Vietnamese wine to South Korea and many other markets
    .

     
    Vietnamese enterprises can study and understand the demand for alcohol and alcoholic beverages in the above-mentioned countries, and make good use of the preferential tariff policies promised in the free trade agreement to which Vietnam has joined
    .
    Customs export
     
      According to the Ministry of Industry and Trade of Vietnam, alcohol exports have decreased in recent years, and during the period of the implementation of various epidemic prevention and control measures, the consumption of alcohol products in many countries has shown an increasing trend
    .
    More typical are countries such as Canada, Finland and South Korea that have joined and signed a new generation of bilateral and multilateral free trade agreements (FTA) with Vietnam
    .

     
      In particular, the Korean market is a country with a large consumption of alcoholic beverages in the world
    .
    The country’s imports of alcoholic beverages are increasing, especially wine, because wine is healthier than beer or spirits, especially for young female consumers
    .

     
      It is worth noting that, because of the epidemic, it is necessary to stay at home frequently.
    Not only South Korea, but many other countries in the world are also increasing imported alcohol, fermented beverages and alcoholic beverages
    .
     
      The representative of the Ministry of Industry and Trade of Vietnam assessed, “From the above data, it can be seen that this is an opportunity to promote the export of Vietnamese wine to South Korea and many other markets
    .

     
      Vietnamese enterprises can study and understand the demand for alcohol and alcoholic beverages in the above-mentioned countries, and make good use of the preferential tariff policies promised in the free trade agreement to which Vietnam has joined
    .
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