Vietnam-UK FTA sparks bilateral commerce


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After Vietnam signed a Free Commerce Settlement (FTA) with the UK for a month, bilateral commerce grew 78.57% year-on-year (year-on-year) , based on the Common Customs Division (GCD), which lately reported that regardless of snags from the pandemic, commerce between the 2 sides exceeded $ 657 million in January.

Vietnam’s exports to the UK reached $ 598 million, 84.61 % increased than the identical month final yr. Imports from there to Vietnam reached greater than $ 59.3 million, a rise of 34.3 % year-on-year. The merchandise included metallic, pesticides and textiles, a Vietnamese newspaper reported.

Final yr, the export-import turnover between the 2 international locations reached $ 5.64 billion, of which Vietnamese exports reached $ 4.95 billion, a commerce surplus of $ 4.27 billion. . The UK remained Vietnam’s third largest buying and selling companion in Europe, behind Germany and the Netherlands.

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After Vietnam signed a Free Commerce Settlement (FTA) with the UK for a month, bilateral commerce grew 78.57% year-on-year (year-on-year) , based on the Common Customs Division (GCD), which lately reported that regardless of snags from the pandemic, commerce between the 2 sides exceeded $ 657 million in January.



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