The Viet Nam - Israel Free Trade Agreement (VIFTA), which took effect in late 2024, is poised to provide a fresh boost to agricultural exports, with rice at the forefront.

The greatest benefit generated by the VIFTA lies in the immediate removal or phased deep reduction of many tariffs, significantly improving the price competitiveness of Vietnamese goods.

The substantive tariff preferences under VIFTA have quickly encouraged businesses from both countries to expand transactions, which have been translated directly into tangible trade growth.

After more than a year of implementation, the Viet Nam-Israel Free Trade Agreement has played a pivotal role in boosting trade and investment, expanding opportunities to access markets in the Middle East and West Asia.

The VIFTA Agreement opens up a golden opportunity for Vietnamese goods to conquer Israel and elite Middle Eastern markets.

After more than a year of implementation, the Viet Nam - Israel Free Trade Agreement (VIFTA) is showing positive signs, becoming a new driving force to promote trade, investment and technological cooperation between the two countries.

On the occasion of the first anniversary of the Vietnam-Israel Free Trade Agreement (VIFTA) coming into effect, the Trade Counselor of the Vietnamese Embassy in Israel, Mr. Le Thai Hoa, shared with VNA reporters in Tel Aviv about the substantial results in bilateral economic cooperation as well as cooperation prospects in the coming period.

The Free Trade Agreement between Vietnam and Israel (VIFTA) was officially signed on July 25, 2023, will open up opportunities for Vietnam's seafood exports to Israel and the Middle East market.

Israel has shown consistent growth as a major market for Vietnamese seafood. The VIFTA (signed by Vietnam and Israel on July 25, 2023) will provide additional opportunities for Vietnamese seafood.

Vietnam and Israel will soon complete related procedures to kick-start the implementation of the recently signed free trade agreement (VIFTA) between the two countries.