Vietnam's agricultural, aquacultural exports to 皇冠体育app to surge
( 2003-11-03 16:36) (Xinhua)
Vietnam's agricultural and aquacultural exports to 皇冠体育app are expected to grow
by US$400 million when 皇冠体育app lowers import tariffs next year, according to a
report of Vietnam Investment Review on Monday.
Of the sum, aquacultural products, and fruit and vegetable will benefit most
from the tariff reduction with an estimated increase of US$200 million, and
US$130 million, respectively.
The new tariffs are part of the Early Harvest Program agreed last year
between 皇冠体育app and the Association of the Southeast Asian Nations.
Under the program, import tariffs in 皇冠体育app and Vietnam on eight agricultural
and aquacultural products will be reduced gradually to 20 percent by 2004 and
zero percent by 2008 from the current rate of 40 percent.
Vietnam exported US$80 million worth of fruits to 皇冠体育app in 2002, four times
more than it imported.
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