The signing of the Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement (FLEGT-VPA) between Viet Nam and the European Union is expected to have a positive impact on the country’s economy and environment.
Once the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA/FLEGT) comes into force, there will be opportunities for Viet Nam to export more wooden products to Europe and other new markets as well as get higher prices,...
iet Nam and the European Union have agreed that the Timber Legality
Assurance System of Viet Nam (VNTLAS) will be applied to wood and wood
products exported to the EU.
Vietnamese firms have been urged to prepare for the impending Voluntary
Partnership Agreement on Forest Law Enforcement, Governance and Trade
(VPA/FLEGT).
Final negotiations to complete a Forest Law Enforcement, Governance and
Trade (FLEGT) and Voluntary Partnership Agreement (VPA) between the
European Union (EU) and Viet Nam is expected to be completed by late
2015.
The export value of wood products is forecast to reach US$7 billion
next year, said general secretary of the Viet Nam Timber and Forest
Products Association (Vifores), Nguyen Ton Quyen.
The country''s exports of wood and wooden products in the first quarter
surged by 20.1 per cent against the same period last year to US$1.4
billion, according to the Ministry of Agriculture and Rural Development
(MARD).