Vietnam: FTA Competition in Vietnam

  |   Attaché Report (GAIN)   |   VM2022-0038

The United States is the largest bilateral agricultural trading partner without a free trade agreement with Vietnam. This report summarizes the tariff and non-tariff competition that U.S. agricultural products face in Vietnam, as the result of the numerous bilateral and regional free trade agreements that Vietnam has signed with other trading partners. Post analysis of available trade data and discussions with industry sources indicate that since 2018, U.S. market share has significantly decreased for beef, pork, apples, grapes (and other fruit), frozen potatoes, wine, lobster, seafood, and other processed and consumer-ready products. The loss of market share for these and other high-value products is expected to continue as FTA rates are phased in further.

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