Trade ministers from Asia-Pacific Economic Cooperation (APEC) member economies recently issued a statement highlighting outcomes of the 2020 Virtual APEC Ministers Responsible for Trade Meeting.

The government is reviewing the continuation of the free trade agreement (FTA) with ASEAN in the wake of the trading bloc’s reluctance to address India’s concerns over what it believes are asymmetries in the trade pact during the last ten years. According to Times of India, the country’s main grouse is the rising trade deficit with the 10–country bloc.

EU exports to Vietnam will be taxed less as of tomorrow, 1 August. This is the immediate effect of the entry into force of the EU-Vietnam trade agreement that will ultimately scrap duties on 99% of all goods traded between the two sides.

July alone saw Vietnam enjoy a trade surplus of estimated US$1 billion, bringing seven-month trade surplus to US$6.5 billion, much higher last year’s figure of US$1.98 billion recorded during the same period, according to the Import-Export Department under the Ministry of Industry and Trade.

The U.S. and European Union prepare to launch a barrage of tariffs on each other’s exports.

The Taiwan Food and Drug Administration (TFDA) has just sent a document to Vietnam Economic and Cultural Office in Taipei to announce a list of 674 Vietnamese seafood enterprises meeting the export standard to Taiwan (China), an increase of 36 enterprises compared with October 2019.

Over restrictions on exports of products used in semiconductors, mobile phone displays and television displays

With Vietnam seeing total import-export turnover with ASEAN in 2019 reach US$57.3 billion, representing a year- on- year rise of 1.1%, the group has developed into the country’s fourth largest export region, only behind the United States, the EU, and China.

The EU - Vietnam Free Trade Agreement (EVFTA) officially comes into effect today, August 1, which is expected to be an important push for Vietnam's exports to the EU, the second largest import market in the world.

With the European-Vietnam Free Trade Agreement (EVFTA) set to come into force on August 1, many of the country's key commodities such as seafood and wood products are anticipated to enjoy numerous incentives from the trade pact, according to insiders.