On 8 June 2020 Vietnam ratified the European Union – Vietnam Free Trade Agreement (EVFTA) and the European Union – Vietnam Investment Protection Agreement (EVIPA). The EVFTA will provide expansive preferential markets access for goods traded between Vietnam and the European Union (EU). The EVFTA will enter into effect on 1 August 2020.

In order to export from Vietnam to the EU, exporters must have a REX number in order to complete shipments valued at over EUR 6,000 from 1 July onwards. REX numbers are required for shipments regardless of whether or not goods are traded under EVFTA preferential terms.

To read the rest of this article by Frederick Burke, Thanh Vinh Nguyen and Rachelle Komarnisky, please click here.