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For industries with over 90% of exports such as textiles and garments, new-generation Free Trade Agreements (FTAs) open up huge opportunities due to the benefits from 0% tax lines. This is also a key industry group, accounting for about 80% of Thanh Hoa province's export turnover. However, businesses can only benefit from FTAs when they meet technical standards, especially the rules of origin of goods.
Therefore, in recent times, many businesses have carefully prepared to meet the origin requirements of their partners, while strengthening links and using products in chains to better prepare for orders to markets with free trade agreements.
Mr. Nguyen Van Do, Chairman of the Board of Members of Daehan Global Thanh Hoa Co., Ltd.
Mr. Nguyen Van Do, Chairman of the Board of Members of Daehan Global Thanh Hoa Co., Ltd. said: "Customers' and partners' requirements are getting higher and higher, and the law is getting stricter and stricter, such as: working conditions, salary conditions, hygiene and technical conditions... The best way for businesses is to comply, and to comply, they must invest."
Up to now, the whole province has 212 enterprises participating in the production of export goods with 55 types of goods to 68 markets around the world . The main export items of enterprises in Thanh Hoa province are garments, footwear, seafood, cement, wood chips, post-oil refining products...
To make the most of the coverage of FTA markets, Thanh Hoa export enterprises need to clearly understand the benefits of each market, especially the regulations on tariffs, laws, and rules of origin. Along with that, improving the production system, investing in product quality, helps export enterprises become more professional in the international market.
Source: 4pm News/TTV
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