Invisible value of the FTA in the timber industry even exceeds the tariff effect
Tran Le Huy, the Vice President and General Secretary of Binh Dinh Timber and Forest Products Association emphasised that with FTAs, especially new generation ones, tariff preferences are very important. However, intangible values like brand name, trust and spread are even greater, surpassing the calculation of how much a percentage of export value increases or decreases.
