Accordingly, the first batch of Jasmine 85 fragrant rice exported to Europe of Loc Troi Group with the quantity of nearly 126 tons will be officially exported to the European market at the end of September this year.
The leader of Loc Troi Group said that with the preferential tax rates of the EVFTA, it would be a great competitive edge in exporting agricultural products in general and rice in particular to the EU. This is the competitive advantage of Loc Troi because, for many years, the group has invested in building standard rice-growing areas with quality control always being given top priority in raw material areas and production and processing facilities. The group aims to control the quality to meet the increasing demand of the EU, increase the rice-growing areas to increase export output, and diversify rice varieties with the desire to become one of the largest rice exporters in the future.
Deputy Minister of the MARD Le Quoc Doanh said that the export of fragrant rice to Europe shows that farmers and enterprises have had the production capability to meet the most stringent standards on food safety and hygiene and the high quality set by fastidious markets. The zero-percent export tariff has an important meaning of the official recognition of the quality and standards of Vietnamese rice. It is the premise for the restructuring of the rice industry, improving the quality of goods towards sustainable development. Shortly, to make use of the above advantage, the agricultural sector should promote the restructuring of production under the value chain model. It is necessary to strengthen the close link between cooperatives, farmers, and enterprises. Besides, it is essential to pay attention to packing and labels for better exploitation in the EU market.
Under the EVFTA, the EU allows a quota of 80,000 tons of rice per year for Vietnam, including 30,000 tons of fragrant rice, 30,000 tons of milled rice, and 20,000 tons of unmilled rice.