• Facebook
  • Twitter
  • Vimeo
  • LinkedIn
  • SUBSCRIBE
  • MEMBER LOGIN
U.S. Wheat Associates
  • Our Story
    • About USW
    • Dependable People. Reliable Wheat.
    • Board of Directors
    • Staff Directory
    • Office Locations
  • Market Information
    • Market Information
    • Price Reports
    • Price Charting Tools
    • Supply and Demand
    • Commercial Sales
  • Crop Quality
    • Crop Quality
    • Harvest Reports
    • Hard Red Winter
    • Hard Red Spring
    • Hard White
    • Soft White
    • Soft Red Winter
    • Durum
  • Working With Buyers
    • Working With Buyers
    • Customer Conferences
    • Wheat Classes
    • Wheat Glossary
    • Wheat Grade Factors
    • How to Buy
    • Ask the Expert
    • Resources
  • Who We Represent
    • Who We Represent
    • Board Meetings
    • State Wheat Commissions
    • Partners
    • Trade Activities
  • Policy
    • Policy
    • Trade Negotiations
    • Trade Barriers
    • Innovation and Sustainability
    • Food Security and Assistance
    • Public–Private Partnership
  • News
    • Newsroom
    • Wheat Letter Blog
    • News Releases
    • Videos
  • Search
  • Menu Menu
You are here: Wheat Letter Blog 1
Trade Negotiations and Barriers

Vietnam Reduces Tariffs on Wheat and Other Agricultural Products

Illustrating a trade agreement between the U.S. and Vietnam.

The Government of Vietnam recently revised Most Favored Nation (MFN) tariff rates on several imported agricultural products, including wheat. This decision reduces Vietnam’s tariff on imported U.S. wheat (excluding durum) from 5 percent to 3 percent and will take effect July 10, 2020.

The reduced tariff is welcome news to U.S. wheat producers in part because it helps make U.S. wheat more competitive in Vietnam’s growing wheat market. There is, however, more work to be done because Vietnam pays no tariffs at all on most of their imports as a result of a series of preferential trade agreements such as the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), of which the United States is not a member.

Elimination of tariffs on U.S. wheat would benefit the growing Vietnamese milling industry and its customers. Despite the tariffs, their imports of U.S. hard red winter (HRW), soft white (SW) and hard red winter (HRW) wheat imports reached a market share of almost 13 percent in marketing year 2019/20, the largest level in five years. Vietnam currently imports an average of more than 2 million metric tons per year.

In addition, although phytosanitary restrictions sometimes limit exports, the Vietnamese flour milling and wheat foods industry look to U.S. wheat for consistent supply and quality, while USDA’s Foreign Agricultural Service (FAS) and Animal and Plant Health Inspection Service work to alleviate non-tariff and tariff barriers.

According to the MFN principle of the World Trade Organization (WTO), these MFN tariff rates will apply to all Vietnam trading partners with whom Vietnam has no preferential arrangements in place (such as the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade agreement, of which the United States is not a member). Although its name implies favoritism toward another nation, MFN denotes the equal treatment of all countries.

In addition to U.S. wheat, Vietnam’s tariff reductions apply to milk and dairy products, fresh apples, grapes, dried grapes (raisins), frozen potatoes, almonds (in shell), walnuts (in shell), chilled pork, and ethanol. Additionally, the MFN tariff rate for frozen pork has been temporarily reduced from 15 percent to 10 percent, from July 10 until Dec. 31, 2020.

 

June 8, 2020/by actualize
Share this
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share by Mail
https://www.uswheat.org/wp-content/uploads/2021/07/iStock-1185044408.jpg 887 1183 actualize https://www.uswheat.org/wp-content/uploads/USW-Logo-Full-Color.png actualize2020-06-08 17:31:582020-06-08 17:31:58Vietnam Reduces Tariffs on Wheat and Other Agricultural Products

Wheatletter Sidebar

Quick Links

  • Newsroom
  • Wheat Letter Blog
  • News Releases
  • Videos

Wheat Letter Related Blogs

Photo from 2022 of a wheat field in southwestern Kansas to illustrate challenges to be seen on the Hard Winter Wheat tour.
Hard Red Winter, Wheat Production and Harvest

What New Information Will the Hard Winter Wheat Tour Add?

With wheat now firmly among the world’s top media stories, attention this week turns to Kansas…
MORE
May 16, 2022
https://www.uswheat.org/wp-content/uploads/SW-Kansas-Chisel-Plowed-Field-Kansas-Wheat.jpg 570 1104 Steve Mercer https://www.uswheat.org/wp-content/uploads/USW-Logo-Full-Color.png Steve Mercer2022-05-16 11:14:352022-05-17 11:21:27What New Information Will the Hard Winter Wheat Tour Add?
Freight Markets Export Elevator
Wheat Industry News

Wheat Industry News

Recent news and highlights from around the U.S. wheat industry. Speaking of Wheat “The…
MORE
May 12, 2022
https://www.uswheat.org/wp-content/uploads/P1050373.jpg 1536 2048 Steve Mercer https://www.uswheat.org/wp-content/uploads/USW-Logo-Full-Color.png Steve Mercer2022-05-12 10:26:132022-05-12 11:09:39Wheat Industry News

Stay up to date on wheat industry news!

SUBSCRIBE

Think Farm Export Programs Don’t Matter? Think Again.

GET THE REST OF THE STORY

Our Story

  • About USW
  • Dependable People. Reliable Wheat.
  • Board of Directors
  • Staff Directory
  • Office Locations

Market Information

  • Market Information
  • Price Reports
  • Price Charting Tools
  • Supply and Demand
  • Commercial Sales

Crop Quality

  • Crop Quality
  • Harvest Reports
  • Hard Red Winter
  • Hard Red Spring
  • Hard White
  • Soft White
  • Soft Red Winter
  • Durum

Working with Buyers

  • Working With Buyers
  • Customer Conferences
  • Wheat Classes
  • Wheat Glossary
  • Wheat Grade Factors
  • How to Buy
  • Ask the Expert
  • Resources

Who We Represent

  • Who We Represent
  • Board Meetings
  • State Wheat Commissions
  • Partners
  • Trade Activities

Policy

  • Policy
  • Trade Negotiations
  • Trade Barriers
  • Innovation and Sustainability
  • Food Security and Assistance
  • Public-Private Partnership

News

  • Newsroom
  • Wheat Letter Blog
  • News Releases
  • Videos

DTN Wheat Detail
DTN Corn Detail

2008-2013 U.S. Wheat Associates. All Rights Reserved
Privacy Policy | Non-Discrimination Statement

Scroll to top