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FREE TRADE AGREEMENT BETWEEN THE SOCIALIST REPUBLIC OF VIET NAM, OF THE ONE PART, AND THE EURASIAN ECONOMIC UNION AND ITS MEMBER STATES, OF THE OTHER PART (VN-EAEUFTA)

EAEU's Commitment

The EAEU's commitment on opening the goods market (through tariff elimination) for Vietnam can be divided into the following groups:

  • Group that eliminates immediately after the agreement comes into effect (EIF): includes 6,718 tariff lines, accounting for about 59% of the tariff schedule.
  • Group of tariff elimination according to the annual reduction schedule and will eliminate in the last year of the schedule (by 2025 as the latest): including 2,876 tariff lines, accounting for about 25% of the tariff schedule.
  • Group reduced immediately after the Agreement coming into effect by 25% compared to the current rate and then remained unchanged: including 131 tariff lines, accounting for about 1% of the tariff schedule.
  • Non-committed group (N/U): includes 1,453 tariff lines, accounting for 13% of the tariff schedule (this group is understood as the EAEU that is not bound to eliminate or reduce tariffs, but can unilaterally eliminate/reduce tariffs if desired)
  • Group applying the threshold protection measure (Trigger): includes 180 tax lines, accounting for about 1.58% of the tariff schedule
  • Tariff rate Quota: includes only 2 products: rice and unprocessed tobacco leaves.

Vietnam's commitment

Vietnam's commitment on opening the goods market to the EAEU is divided into four groups:

  • The group that eliminates tariffs immediately after the Agreement comes into effect (EIF): accounts for about 53% of the tariff
  • The tariff elimination group follows the annual reduction schedule and will eliminate tariffs in the last year of the schedule (by 2026 as the latest): accounting for about 35% of the total tariff lines, specifically:
    • Group completely eliminate tariffs by 2018: 1.5% of total tariff lines in the tariff (meat, fish, and vegetable products, spare parts for agricultural machinery, transformers, pearls, stone) precious…)
    • Group completely eliminate tariffs by 2020: 22.1% of the total tariff lines in the tariff (paper, seafood, furniture, electrical machinery, vegetables, iron and steel products, ...)
    • Group completely eliminate tariffs by 2022: 1% of the total tariff lines in the tariff (auto parts parts, some types of automobile engines, motorcycles, iron and steel, etc.)
    • Group to completely eliminate tariffs by 2026: 10% of the total tariff lines in the tariff (alcohol, machinery and equipment, tools and spare parts, complete automobiles (trucks, buses, cars, etc.) cars with more than 10 seats...)
  • Uncommitted group (U): accounted for about 11% of the total tariff lines
  • Other commitments (Q): products subject to tariff rate quotas.