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Vietnam's exports to the UK hit by Covid-19

 Last Update: 2022-04-18
 Source: Internet
 Author: User

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Vietnam's "VnEconomy" reported on March 17 that according to the Import and Export Bureau of the Ministry of Industry and Trade of Vietnam, the import volume of British coffee in 2021 will be 203,400 tons, worth US$945 million, and the import volume and value will drop by 12.
7% and 6.
2% respectively compared with 2020.
.
Among them, Vietnam exported 34,700 tons of coffee to the UK, valued at US$66.
16 million.
Affected by the new crown pneumonia epidemic , the export volume and value fell by 35.
5% and 31.
1% respectively .

The Vietnam-UK Free Trade Agreement (UKVFTA) stipulates that within 6 years from the entry into force of the agreement, the UK will eliminate tariffs on 99.
2% of products imported from Vietnam
.
In order to better penetrate the UK market, the bureau suggested that Vietnamese coffee producers should produce coffee products that meet the tastes and usage habits of local consumers for this market, and also need to meet some specific requirements of this market, such as product labeling, nutritional content , whether it contains allergens,
etc.

Import and export UK coffee import and export epidemic

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