What is the EVFTA tariff reduction schedule for a Vietnam clothing factory? We can help you figure out the tariff reduction schedule. We are a family owned Vietnam clothing factory. We pride ourselves in being a reliable cut & sew knitwear Supplier in Vietnam who can provide you garments with both imported fabrics and our own fabric. Let us clarify for you what is the EVFTA Tariff Reduction Schedule for a Vietnam Clothing Factory.

The tariff reduction schedule can easily be understood like this: all the import duties will become 0% after 4 to 7 years & 77% immediately go to zero. Most garment categories will become 0% once the agreement goes into effect. For example, a products with HS 6109.10.20 which has base rate 12% tariff will become 0% with in 6 years due to its term time being B5.

To understand the term and schedule, we suggest you should visit http://trade.ec.europa.eu and download it. We recommend you read page 166 for General Provision and page 464 for Article of Apparel and Clothing Accessories, Knitted or Crocheted to understand the details of these product categories.

Generally speaking, most cut & sew knitwear factories in Vietnam buy their fabric from China. Thai Son has a choice to produce the fabric in Vietnam by itself (if price is cheaper than buying from China) or to buy from China.

There are two benefits of the EVFTA tariff reduction schedule for a Vietnam clothing factory. One is that there is a chance for both Thai Son S.P and European brands to get back on the business track after such a crisis that the pandemic covid-19 has caused to the globe. The other meaning is that we can offer our clients the best quote since tariffs are going away slowly.

If you would like to know more about what is EVFTA tariff reduction schedule for Vietnam clothing factory. Please kindly contact us at kiki@lhc.vn

Location

Thai Son S.P Building (Ground Floor)
153 Ung Van Khiem, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam
Zip Code: 700000
Tel. +84 903926973
Email: kiki@lhc.vn
Attn: Ms. Sim