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VIETNAMESE PRODUCTS TO BE TAX EXEMPT IN SOUTH KOREA

Free Trade Agreement between Vietnam and South Korea, known as VKFTA was signed in the morning of 5th May.
 

The trade deal, known as VKFTA, will bring tons of opportunities for Vietnamese shrimp companies as their exports to South Korea will be tax free.


This is considered as a significant competitive advantage for Vietnamese exporters, reports VASEP.
South Korea confirmed that each year, 10,000 MT of Vietnamese shrimp will be tax free, against the current quota of 2,500 MT/year. In the next five years, this will be gradually raised to 15,000 MT/year.
Agriculture, forestry and fisheries products from Viet Nam will all benefit from this FTA.
 

 

Source: TheFishSite News Desk

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