Vietnam’s “Customs Online” reported on March 15 that the Ministry of Industry and Trade of Vietnam recently received reports from the Eurasian Economic Commission (EEC) that Vietnam’s textile and apparel exports to the Eurasian Union have exceeded Vietnam’s Official letter on preferential tariff quotas stipulated in the Free Trade Agreement with the Eurasian Union.
Vietnam’s exports of tights, pullovers, buttoned jackets, and cardigans with customs code HS6220 to the Asia-European Union in 2020 have exceeded the import regulations in 2020 Preferential quota (up to 1.6409 million kilograms, the quota is 1.5194 million kilograms).
Although the excess quota is not large, according to Article 2, Paragraph 10 of the Free Trade Agreement between the two sides, Vietnam’s textile and apparel exports to the Eurasian Union are subject to quotas Risks of special defensive measures.
According to this, Vietnam’s textile and apparel will be subject to the most-favored-nation tariff rate for a period of 6 months or 9 months, depending on the actual excess of quotas. </p
