Vietnam-EU deal to benefit sportswear and footwear companies
06/08/2015
The EU is the biggest importer of Vietnamese footwear, and volumes are likely to rise substantially when the deal takes effect.
It could also be good news for sportswear companies that base their cut-and-sew operations in the country.
The deal, which took more than two years to negotiate, is expected to conclude in late 2017 or early 2018, with some tariffs eliminated gradually over a 10-year period.
Annual trade between the two is worth about $30bn.
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