Ca Mau leads the country in the FTA Index, which assesses the performance of localities in implementing Free Trade Agreements (FTAs) in 2024, according to information from the Ministry of Industry and Trade at the index's announcement ceremony on the afternoon of April 8th.
The FTA Index is built on four main pillars: FTA dissemination and awareness campaigns; implementation of FTA legal regulations; policies supporting enhanced competitiveness; and implementation of sustainable development commitments.
The top 10 localities nationwide in terms of FTA Index scores in 2024 include: Ca Mau (34.90 points), Thanh Hoa (34.13 points), Binh Duong (34.03 points), Khanh Hoa (32.96 points), Tra Vinh (32.74 points), Long An (32.50 points), Ha Giang (32.46 points), Bac Lieu (32.43 points), Ninh Binh (31.74 points), Dien Bien (31.72 points)...
The main product of Ca Mau province, frozen shrimp, has reached markets in over 60 countries and territories, contributing to an annual export turnover of 1.2 billion USD, consistently leading the country in shrimp exports.
“Over the years, Ca Mau has paid great attention to fulfilling its commitments on economic integration, with the export market for the province's key products, shrimp and other seafood, being increasingly strengthened and expanded. This perspective and objective will continue to be a priority for the locality throughout its development process, moving towards multilateralism and diversification, determined to bring the province's growth to double digits,” pledged Mr. Pham Thanh Ngai, Chairman of the Provincial People's Committee.
FTAs are trade agreements. To date, Vietnam has become a highly open economy with trade relations with 230 markets, including FTAs with 60 economies. This facilitates Vietnamese businesses in expanding and accessing global markets, providing opportunities for Vietnam to connect and participate more deeply in global value chains and production networks.
Specifically for Ca Mau province, the economy is very open and expanding in depth, with local seafood products such as shrimp and crab present in over 60 countries and territories, especially in major markets such as Europe, Japan, China, Australia, the United States, and South Korea. Along with this, the Ca Mau Fertilizer brand is also gradually expanding its market, having established a solid foundation in Cambodia and India. Each year, export revenue consistently exceeds 1.2 billion USD.
Tran Nguyen
Source: https://baocamau.vn/ca-mau-dan-dau-chi-so-fta-a38239.html
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