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  • The expected increase in exports of cashew nuts after Obama's visit

    May 23rd, 2016

    <p></p><p>Afternoon 23/5, representing Vietnam Cashew Association (Vinacas) said, VINACAS and businesses in the industry are very excited about the growth of this sector in the US market after the visit of US President Barack Obama in Vietnam. <br></p> <p>Dang Hoang Giang, Vice Chairman and Secretary General VINACAS, said the Vietnam Cashew US consumers are used a lot. However, most of the products are under the label names of major American brands; which also trace the origin in Vietnam, but few consumers are aware. <br></p> <p>However, President Barack Obama visited Vietnam has made ​​the American press attention, facilitating factors of cashew origin Vietnam. "In the past, the American people simply think Vietnam is a country undergoing many years of war and the difficulties. They do not think Vietnam is a country's exports topped the world that is nuts and they are favorites, everyday use. This is good news for the branch of Vietnam. This is likely to promote Vietnam's cashew industry to further develop not only in the US but also in other markets, "Mr Jiang said. <br></p> <p>In early April, during the visit and work in Vietnam according to the Trade Union of Agricultural Associations western United States (WUSATA), Karen Ross, Minister of Agriculture Food and California, said it would be a particle of the agricultural products of Vietnam has many growth opportunities in the US market when the TPP effect. <br></p> <p>According to Karen Ross, of the agricultural products of Vietnam, the American people know and use the most is the cashew nut. Because Americans are very concerned about health issues, nutrition.</p> <p>Dried fruits nuts are good for health. In the United States, but also many Americans are nuts like cashews diversity and Vietnam in terms of nutritional meet that criteria. <br></p> <p>An assessment of the export situation, Dang Hoang Giang said that cashew exports to the US market is the enterprise hardly any trouble. Currently, cashew nuts exported to US tariff rates to 0%, while TPP effect, this tax rate remains the same. <br></p> <p>However, TPP can be applied rules of origin of goods in intra, meaning Vietnam Cashew origin shall be entitled to enforce this Agreement. "We thought, TPP will bring more value on intangible items for branch of Vietnam in terms of brand, Vietnam cashew value ... In particular, consumers, corporate America will learn more about Vietnam cashew nuts, which will increase the import, investment for this sector further, "Jiang said. <br></p> <p>In order to further promote the export to the US market, the end of May, VINACAS will hold trade promotion program countries' Organization trade union in the United States to attend the Congress combine nuts international dry 2016. " <br></p> <p>Dried fruit Congress International particles held in San Diego (USA) is one of the largest operations of dried nuts industry in the world, from which the export business enterprises that Vietnam will have the opportunity to exchange trade with US businesses, contributing to increased exports of cashew nuts to the US in the near future. <br></p> <p>According VINACAS, the US market is currently the largest importer of cashew in Vietnam, with over 50% market share. <br></p> <p>In the first 4 months of 2016, production and cashew exports to this market increased over the same period in 2015. <br></p> <p>Specifically, the business has more than 28,500 tons of exports, earning more than 220 million, up more than 8.8% in volume and 18.6% in value. The average export price in the US market also rose continuously, approximately 8.83% over the same period. /. <br></p> <p>H.Chung<br></p><p></p>


    Source: VNA / Vietnam
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