VIETNAM TEXTILE INDUSTRY SHOULD BUY NEW MACHINERY TO TAKE ADVANTAGE OF EU TRADE DEAL, SAY EXPERTS
April 1st, 2018
VIETNAMESE textile manufacturers should invest in new machinery so they can take advantage of the incoming free trade agreement between Vietnam and the European Union (EU) say German trade and industry representatives.
Germany’s Mechanical Engineering Industry Association (Verband Deutscher Maschinen-und Anlagenbau (VDMA) expects the forthcoming EU-Vietnam free trade agreement (EVFTA) to lift Vietnamese garment exports to the EU with the help of more imported machinery to boost textile production.
The deal will eliminate import Vietnamese and EU tariffs for ...
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