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Vietnam to boost exports to EU
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16:17, September 25, 2009

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Vietnam Ministry of Industry and Trade said that the country would intensify measures to boost exports in European Union (EU) in the last three months this year, the local newspaper Vietnam Investment Review reported Friday.

The move is made in the context that Vietnam's export turnover to European Union, one of the country's three key export markets, has seen a sharp fall in the first nine months this year, said the ministry.

The fall was attributed to the impacts of the global economic crisis. Heavy import tariff and technical hurdles of some European countries imposed on Vietnamese exports also caused difficulties for Vietnamese exporters, said the ministry.

Among export items, wood, seafood and footwear of Vietnam are the hardest-hit.

To boost exports in the last three months this year, the ministry put forth measures like calling European countries to remove import tax on some Vietnamese leather products, intensifying trade fairs, and establishing a close link between overseas Vietnamese businesses communities in European countries and domestic Vietnamese exporters.

Vietnam's export turnover this year is forecast to go down 6.3 percent year-on-year to 59 billion U.S. dollars, said Vietnam's Ministry of Industry and Trade.

Source:Xinhua



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