According to the Vietnam Trade Office in the UK, the superior quality of Ri6 durian plus tax-free import incentives into the UK thanks to the Vietnam - UK Free Trade Agreement (UKVFTA) have helped Vietnamese durian have an advantage. compete in the UK market compared to durian from other countries.
Vietnam - UK trade relations are supported by the UKVFTA Free Trade Agreement, which will take effect from the beginning of 2021 on the basis of the Strategic Partnership established in 2010 and the JETCO Intergovernmental Cooperation Mechanism. established in 2007. The UKVFTA Agreement has established a tax-free roadmap for most Vietnamese products imported into the UK and vice versa. Thanks to that, many Vietnamese products have a superior competitive advantage in the UK market compared to similar products originating from countries that do not have FTAs with the UK such as China, India, Pakistan, Thailand, Malaysia. , Indonesia and South American countries.
For example, durian fruits imported from countries without tax incentives are subject to a tax rate of 8% while Vietnamese durians enjoy a preferential tax rate of 0% according to UKVFTA.
According to the Vietnam Trade Office in the UK, the shipment of Vietnamese durian Ri6 (5 tons) officially imported by TT Meridian Ltd (UK) was cleared from customs on May 4, 2023 and distributed to the following countries: supermarket in the UK.
Mr. Nguyen Canh Cuong - Counselor of the Vietnam Trade Office in the UK said that the outstanding quality of Ri6 durian plus tax exemption incentives for import into the UK thanks to the UKVFTA Agreement have helped Vietnamese durian have a competitive advantage. in the UK market compared to durian from other countries.
With the quality of the product and the advantages of preferential tariffs, the importer, TT Meridian Ltd, is very confident about the quality of the product and expects the market to react well, thereby preparing for larger shipments.
According to a representative of TT Meridian, starting a durian business is considered one of the stepping stones for TT Meridian Ltd to introduce leading Vietnamese products to the UK in the near future. In particular, since the UKVFTA Agreement took effect, the company has increased its focus on logistics and import-export activities with the expectation of contributing to promoting the development of trade relations between the two countries.
In 2023, TT Meridian Ltd plans to increase its fresh fruit business, introducing more Vietnamese tropical fruits to the UK market such as durian, mango, lychee, longan... based on feedback. feedback and orders from distributors and consumers across the UK.
Currently, with many products having their tax reduced to 0% under UKVFTA, especially the agricultural product group, it has created favorable conditions for businesses importing Vietnamese goods such as TT Meridian. In early February 2023, Dien Yen Thuy grapefruits (Hoa Binh) were officially exported and were first sold at the Longdan supermarket chain (UK) and received welcome from the Vietnamese community as well as consumers. use location. This is a product of RYB Joint Stock Company (Hoa Binh), the first time it was officially imported in large quantities (11 tons) to the UK by Longdan Group, the largest importer of Vietnamese goods in this country.
Previously, in early 2023, more than 5 tons of Tan Lac red grapefruit from Fusa Joint Stock Company (Hoa Binh) also arrived in the UK for the first time through the official import route of Longdan Group.
This presence shows the outstanding progress of Vietnamese fruit production and export enterprises due to meeting Global GAP product quality standards and production processes.
To expand export opportunities into the UK market, Mr. Nguyen Canh Cuong recommended that export businesses need a marketing strategy, especially digital marketing, to introduce these specialty fruits to consumers. Use English. Because this is a world trend that Vietnamese businesses need to apply as soon as possible in a developed market like the UK with a geographical distance quite far from Vietnam.
