Vietnam Japan Free Trade Agreement

While the agreement will create more opportunities for Vietnamese exporters, it would not simply promise breakthroughs in exporting Vietnamese goods to Japan. Japan is a demanding market, with many strict conditions in terms of rules of origin, food safety and hygiene, which represent a huge challenge for Vietnamese exporters (Citinews, 2015). To date, positive changes in tariffs have not yet created a change in trade that meets the expectations of both sides; Vietnamese companies have not fully exploited the benefits of VJEPA. The reason for this is that they still face obstacles to approaching the Japanese market. For some seafood, namely shrimp, the tax rate is 0% immediately after the entry into force of the agreement, octopus and octopus up to 0% after five years. For items such as fresh fruit, Japan is gradually banning the import of Vietnamese dragon fruit into Japan. This will allow to penetrate the Japanese market in the near future. In addition, Japan has a high demand for imported pork, processed foods and raw fresh vegetables, mechanical products, plastic balance. The Japanese economy after the war could not function normally without foreign trade. Japan has only limited natural resources, so Japan has to import most of the raw materials and fuels from abroad. The uncertainty and vulnerability of the Japanese economy became even more severe due to oil and energy imports from Japan and focused on a number of important areas like the Middle East, the region that provided 76% of Japan`s total oil demand. . .

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