Exporting to Vietnam from 1 January 2021

4 August 2020

 

Guidance explaining changes for UK exporters to Vietnam from 1 January 2021.

Trade agreement

The EU-Vietnam Free Trade Agreement (FTA) came into force on 1 August 2020.

EU trade agreements can continue to apply to the UK until 31 December 2020. This includes the EU-Vietnam FTA.

The UK is seeking to agree arrangements with Vietnam to ensure trade continues with minimal disruption from 1 January 2021.

If agreed, these arrangements could maintain the effects of the EU-Vietnam agreement from 1 January 2021.

If the UK does not agree arrangements with Vietnam, existing trade agreements would no longer apply from 1 January 2021. This would mean the UK would not have preferential trade arrangements for exports to Vietnam.

Tariffs and quotas

If the UK agrees continuity arrangements with Vietnam there could be minimal changes to tariffs and quotas from 1 January 2021.

If the UK does not agree arrangements with Vietnam, the UK would export to Vietnam on Most Favoured Nation terms under World Trade Organization (WTO) rules.

Check Vietnam’s import tariffs and quotas under WTO rules on the Market Access MAP website.

 

Controlled goods

The export licensing regulations for controlled goods will change.

Controlled goods include:

  • military items
  • dual-use items (items with both civil and military uses)
  • firearms

Find out how export licensing for controlled goods will change.

 

Sanctions and embargoes

Exports of certain categories of product to some countries are subject to embargoes or sanctions.

Find out about the new sanction and embargo regulations.

 

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