With CPTPP, the tax on frozen shrimp exported to Japan has been reduced from 1% to 0% , helping Vietnam maintain its position in the top 3 largest shrimp exporting countries in the world. 2.2. Access to larger markets FTA opens up opportunities to access large markets with large populations and high purchasing power: RCEP : Connecting 15 Asia-Pacific countries , accounting for 30% of global GDP .
EVFTA : Bringing Vietnamese goods to the EU market with more than 500 million people . 2.3. Adding value in the global supply chain FTAs not only promote direct exports but also create opportunities for Vietnamese enterprises to participate more deeply in the global supply chain.
When large corporations such as Samsung south africa telegram data and LG take advantage of Vietnam as a production center, exporting to countries in the agreement. 3. Challenges that businesses face 3.1. Understand the rules of origin To enjoy tariff preferences, goods must meet the rules of origin according to each FTA.
However, many businesses are still confused about proving the origin of raw materials. Only 23% of small and medium-sized enterprises (SMEs) in Vietnam clearly understand the rules of origin, according to a survey by VCCI. 3.2.
Meet quality standards FTA markets, especially the EU and Japan, have strict requirements on quality standards, food safety, and environmental protection. This requires businesses to improve technology and production processes to meet the requirements. 3.3. Increased competition FTAs not only open the door for Vietnamese goods to go out into the world but also for international goods to flood into Vietnam.