Ca Mau leads FTA index

Ca Mau leads the country in the FTA Index 2024, according to the Ministry of Industry and Trade at the announcement ceremony of the index on the afternoon of April 8.

The FTA Index is built on four main pillars: FTA dissemination and propaganda; implementation of legal regulations on FTA; policies to support competitiveness enhancement; and implementation of commitments on sustainable development.

The top 10 localities leading the country in terms of FTA Index score in 2024 include: Ca Mau (34.90 points), Thanh Hoa (34.13 points), Binh Duong (34.03 points), Khanh Hoa (32.96 points), Tra Vinh (32.74 points), Long An (32.50 points), Ha Giang (32.46 points), Bac Lieu (32.43 points), Ninh Binh (31.74 points), Dien Bien (31.72 points)...

Ca Mau province's key product from frozen shrimp has been present in the market of over 60 countries and territories, contributing to the annual export turnover reaching the milestone of 1.2 billion USD, always leading the country in shrimp export.

“Over the past years, Ca Mau has paid great attention to implementing its commitments on economic integration as the export market for the province’s key products from shrimp and other aquatic products has been increasingly strengthened and expanded; and this viewpoint and goal will continue to be of interest to the locality throughout the development process towards multilateralization and diversification, determined to bring the province’s growth to double digits,” Mr. Pham Thanh Ngai, Chairman of the Provincial People’s Committee, committed.

FTAs are trade agreements. To date, Vietnam has become a highly open economy and has trade relations with 230 markets, including FTAs ​​with 60 economies, thereby creating favorable conditions for Vietnamese enterprises to expand and access global markets, creating opportunities for Vietnam to connect and participate more deeply in the global value chain and production network.

Particularly for Ca Mau province, the openness of the economy is very wide and deep when local seafood products from shrimp and crab are present in over 60 countries and territories, especially in large markets such as: Europe, Japan, China, Australia, the United States, Korea... Along with that, the Ca Mau Fertilizer brand is also gradually expanding the market when it has laid a solid foundation in Cambodia, India... Every year, the export turnover always exceeds the 1.2 billion USD mark.

Tran Nguyen

Source: https://baocamau.vn/ca-mau-dan-dau-chi-so-fta-a38239.html