Vietnam – Cambodia: duty 0% more items

Deals that separate the two countries aimed at implementing trade turnover of $ 5 billion next time …

Milk is one of the exempt items 0% between the two countries.

Milk is one of the exempt items 0% between the two countries.

Minister of Industry and Trade Tran Tuan Anh and Cambodian Minister of Commerce Pan Sorasak signed an agreement to promote bilateral trade between the two countries.

Under the agreement, Vietnam will enjoy import tax rate of 0% applies to 29 items when exported to Cambodia.

The goods include milk and cream, tapioca, meat products, preparations of rice, candy, paint, plastics, paper, ceramics, steel and steel products …

Meanwhile, Vietnam will spend preferential import tax rate of 0% for 39 items from Cambodia, focusing mainly on agricultural products including meat raw, fresh products, lemon, rice, bread gato, tobacco foil material (with quotas), plastic products, books, textiles, bicycles …

On the basis of the preferential tax rate, the two countries now have the opportunity to reach and expand partnerships. The goal of both countries is to bring bilateral trade volume to 5 billion dollars in the near future.

According to the General Department of Customs, May 9 this year, bilateral trade volume reached $ 2.2 billion, while the balance is in favor of Vietnam with exports of $ 1.6 billion.

Vietnam imported goods of Cambodia’s many nuts, furniture, fertilizers, machinery … However, Cambodia imported large quantities of animal feed, petroleum, glass, textiles, fibers …

(According vneconomy.vn)