The Vietnam Trade Office in France claims the European nation is a promising market for Vietnam’s agricultural products and foodstuffs. Statistics showed that each year, France's imported agricultural and food products account for 20 percent of the country's domestic consumption. Import value has doubled over the past 20 years, from 28 billion EUR in 2000 to 56 billion EUR in 2019.
Of more than 9,200 agricultural products imported to the country, there are 900 items with a trade deficit of more than 50 million EUR. The Trade Office blamed it on the fact that the cultivation is continuously decreasing. An increase in market demand for fruit juices and foreign fruits such as avocado, mango and dragon fruit is also a reason.
There is still plenty of room to increase the market share of agricultural products and food to this market, but it’s not easy for Vietnamese businesses to penetrate the EU and France market in particular, the trade office said. A simple but highly effective approach is to participate in retail and specialized fairs, it said, adding that exporters should take advantage of the opportunities brought by the EU-Vietnam Free Trade Agreement (EVFTA)
Source: en.vietnamplus.vn
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