By Admin 
Us-vietnam trade deal: While the new trade deal between the US and Vietnam has raised the concern of India on one side, on the other hand it is also a big learning, especially for the exporters who also consider Vietnam as an important competitive country. Global Trade Research i.e. GTRI has said this in its report.
Surprised by US-Vietnam deal
This report said that in the year 2000, there were historical business agreements between US-West. In this, it was consumed to put 2 to 10 percent concession tariffs on the entry of Vietnam goods in America. But despite this, in this new deal, 20 percent tariff has been imposed on entry of all the goods coming from Vietnam in America.
The direct impact of this deal is set to fall on the $ 135 billion exports from Vietnam, which has overturned the liberal trade policy of two decades. GTRI says that Indian exporters consider Vietnam as their competitor. In such a situation, where India needs to learn from this deal, on the other hand, there is a need to see your strategy on the other side.
Big lesson to India
In this new deal, the product exported to the US has been kept free from customs in Vietnam. However, the US has kept the tariff rates very high on the goods coming from Vietnam. The already proposed tariff has been collected in 46 percent, but the bilateral trade agreement between the two countries in 2000 has been doubled or three times more tariffs.
Since 2001, the export of Vietnam goods like clothes, shoes, sea fish, handmade products and agricultural products in the US market benefited due to low tariffs. After this, exports of Vietnam goods in the US market increased from $ 800 million to $ 135 billion.
In such a situation, due to the introduction of 20 percent new tariff rates on Vietnam goods, he will not get the same benefits as before. Also, his competition in the US market will also weaken. Apart from this, concern has also been expressed in the report on the tariff of 40 percent on China’s goods being sent from the route of Vietnam.
Also read: Sorting of 6000 staff two months ago, now this legend will bring 9000 on the road