As the world’s leading rice exporter, India’s ban on non-basmati white rice will significantly reduce Indian rice exports in the near term and cast an impact on the rice-importing countries around the world, experts said.

The high tariffs impact competitiveness, ICEA said, adding that the industry is seeking reduction of tariffs, and glide path to match Vietnam and other competing nations

Implementing tax reduction under the ASEAN - India Trade in Goods Agreement (AIFTA) for the 2022 – 2027 period, from December 31, 2021, all tariff lines in Vietnam's Normal Track (NT) reduced to 0%, tariff lines of all items subject to Sensitive Track (ST) and Highly Sensitive List (HSL) will reduce on December 31, 2023.

There is plenty of room for Việt Nam and India to strengthen investment and trade ties in the future, said Bùi Trung Thướng, Trade Counselor at the Vietnamese Embassy in India.

Ritesh Kanodia and Meetika Baghel of Dhruva Advisors assess the guidelines concerning the implementation of section 28DA of the Customs Act, 1962 and CAROTAR, 2020 in respect of rules of origin under trade agreements.

Vietnamese businesses could increase exports to India by 633 million USD annually, the Standard Chartered Trade Opportunity Report has revealed.

Business communities of India and ASEAN should work to resolve their differences, remove non-tariff barriers, ensure sanctity of rules of origin and open markets to expand two-way trade, Indian Commerce and Industry Minister Piyush Goyal said on August 27.

An Indian minister has called for a review of the country's decade-old free trade deal with Asean, arguing that it would help in achieving bigger trade volumes.

Trade between Vietnam and India would continue to grow strongly and sustainably after the COVID-19 pandemic is brought under control, Vietnamese Ambassador to India Pham Sanh Chau said on April 28.

Details will be reviewed and a final report will be submitted at the upcoming ASEAN Economic Ministers-India Consultations