EAEU Says Vietnam Exceeded Garment, Textile Export Quota
The Eurasian Economic Union, the executive body of the Eurasian Economic Union (EAEU), informed Vietnam that it has exceeded its garment and textile export limit allowed under the free trade agreement between the two sides, the Hong Kong Trade Development…
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Council reported April 12. The EAEU said Vietnam exceeded its annual export quotas for jerseys, pullovers, cardigans, waistcoats and knitted women’s suits, which could cause Vietnamese textile and garment exporters to lose their preferential tariff status for up to nine months, the report said. HKTDC said Vietnam plans to dispute the EAEU’s claims.