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Have you heard of the (EV)FTA? The Free Trade Agreement between Europe and Vietnam.
The agreement can ensure you a cost reduction of 12% by sourcing in Vietnam instead of other countries. It is the most ambitious free trade agreement that Vietnam has ever signed, and it is expected to have a significant impact on the country’s economy. Consider partnering with someone who knows how to fulfill the requirements of the FTA and ensures the best output—both financial and organizational
Let’s delve a bit more into the agreement itself, discussing the benefits and considerations.
On the 1st of august 2020 the FTA entered into force. The agreements provide opportunities to boost trade and support jobs and growth on both sides by:
There are many good reasons to consider utilizing the FTA if you are currently sourcing in other countries.
Our Purchasing and Sourcing Manager, Liv Kold Brunse states:
We’ve already established partnerships with Vietnamese fabric (and trim) mills that benefit from the Europe-Vietnam FTA. Our approach includes, among other things, visits to the factories in Vietnam. Through these visits and a close dialogue with our partners, we ensure that company values and quality align with our expected high standards.
As a responsible sourcing partner we are able to offer our brands qualified advice on how to maximize the benefits of the trade agreement, ensuring maximum profit on their products without compromising on either quality or sustainability.
Do not hesitate to contact us.
Specialized manufacturer of functional garments.
We develop and produce functional garments together with international outdoor- and sports brands.
