African Textile Industry Has To "Break Into" The EU Tax Exempt Market.

The textile industry in Swaziland, a landlocked country in southeastern Africa, is seeking to sign an economic cooperation agreement with the European Union, which will allow foreign entry products to be duty-free.

EU aid is being applied, and it is hoped that the EU can immediately pass the economic cooperation agreement.

The European Commission for the development of Africa has revealed that once the economic cooperation agreement is ratified, the countries in the agreement will immediately benefit from the exchange of goods on the border.

It is decided that the European Union delegation through the Swaziland agreement will hold a seminar in Mbabane, capital of Swaziland.

This seminar will discuss the future of member states in the agreement.

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Since January 2015, when Swaziland was excluded from the US government's list of non aid, its textile industry has been greatly impacted. The signing of this agreement is undoubtedly a timely relief for Swaziland's textile industry.

This practice in Swaziland is

African countries with a downward trend can be used for reference. The EU's tax exempt market is also very attractive to small and medium-sized countries.

Through this agreement, Swaziland will become more competitive and attractive to investors, because investors can enter the EU market through investment in Swaziland.

The agreement will open 9600 categories of products to the European Union and all these products are duty-free.

It is worth mentioning that the agreement is a permanent trade agreement.

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According to Ruan Deshun, President of Vietnam leather, footwear and luggage Association, exports of Vietnamese footwear, bags and umbrellas in 2015 were nearly 15 billion dollars, up 16% over the same period last year, of which exports to the Chinese market increased by nearly 50%.

Ruan de Shun said that the target of Vietnam's footwear exports in 2016 was 17 billion US dollars, up 16-20% over the same period last year, because Vietnam signed a free trade agreement with the European Union and South Korea.

In the first two months of 2016, the EU Court announced that the anti-dumping provisions against certain leather footwear imports in Vietnam were partially invalid, which reduced the resistance of Vietnam's footwear exports to the European Union.

Vietnam is ranked fourth in the world in terms of footwear exports, ranking behind China, India and Brazil, but only after China and Italy in terms of export volume.

According to Ruan Deshun, Vietnam's exports to traditional markets increased in 2015, except for China, its exports to the United States increased by over 25% and the EU growth exceeded 10%.

Previously, the EU was the largest consumer area of Vietnamese footwear, but in 2015, the United States for the first time became the largest importing area, with an import volume of nearly US $5 billion.