Vietnam is currently Australia’s second largest trading partner in agricultural exports. In the coming time, the import-export turnover of agricultural products of the two countries may increase when new agreements are approved.
Recently, the Australian Agricultural Counselor had a working session with the Ministry of Agriculture and Rural Development (MARD) to cooperate in opening the market for some agricultural products between the two countries, according to the Ministry of Agriculture and Rural Development’s electronic information portal.
Accordingly, the Australian side had an inspection and evaluation trip to an irradiation company in Vietnam to serve as a basis for irradiating fresh products exported from Vietnam to Australia such as mangoes, dragon fruits, lychees and longans…
Vietnam and Australia have signed a number of trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) which is a free trade agreement between 10 ASEAN countries and 5 partners: China, Korea, Japan, Australia and New Zealand. But the most important one is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), so many products between the two sides receive preferential tariffs.
In the past two years, the value of agricultural trade between the two sides has nearly doubled, with a turnover of about 6.5 billion Australian dollars, according to data from the Ministry of Agriculture and Rural Development.
In the near future, the Ministry of Agriculture and Rural Development will have a business trip to Australia to discuss promoting the import and export of agricultural products between the two countries, including licensing Vietnamese passion fruits to export to Australia, and Australian plums exported to Vietnam. Another product that Australia is exporting to Vietnam is honey.