Vietnam raked in 30.05 billion USD from exporting agro-forestry-aquatic products in the first three quarters of 2020 and the value is hoped to hit over 40 billion USD for the whole year, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

After nearly two months of the EVFTA, seafood exports strongly increased but there were some problems for seafood enterprises.

According to the Department of Import and Export under the Ministry of Industry and Trade, fruit and vegetable exports in the past nine months touched about US$2.5 billion, a decrease of 11 percent over the same period last year.

Experts said that trade remedies tended to increase, at the seminar on the impacts of safeguard measures in 2019 and the policy trend on trade remedies after the EU-Vietnam Free Trade Agreement (EVFTA) held by the Ho Chi Minh City Centre of International Integration Support on October 2.

Vietnam ran a surplus of 7.25 billion USD in agro-forestry-fishery trade in January-September, 15.7 percent higher than the same period last year, the latest updates of the Ministry of Agriculture and Rural Development showed.

WTO members reviewed on 29 September four regional trade agreements concluded between developing countries at a dedicated session of the Committee on Trade and Development.

On September 15, the World Trade Organization (WTO) found that some U.S. Section 301 tariffs on Chinese goods are illegal. Washington took the news badly. U.S. trade representative Robert Lighthizer declared that the verdict proves the WTO is “completely inadequate.” Sen. Josh Hawley (R-Mo.) said the verdict was “more evidence that the WTO is outdated, sclerotic and generally bad for America.”

A workshop to promote economic cooperation between Vietnam and Germany took place in Hanoi on October 3, bringing together representatives from around 200 enterprises of the two nations.

The industry and trade sector is exerting all-out efforts to achieve the target of 300 billion USD in export turnover this year in the context that the COVID-19 pandemic is seriously affecting global trade.

China and the United States have been locked in a bitter trade war since president Donald Trump took office in 2016.