Fairtrade certification improves Vietnamese exports in the trade deal

The Fairtrade certification has been recognized as an important benefit for Vietnamese exporters of fruits and vegetables who want to take advantage of in the United Kingdom – Viet Nam Free Trade Agreement (UKVFTA). The Fairtrade certification is crucial to ensure that products are made in a fair manner, with respect to decent wages, safe working conditions, as well as environmental sustainability as well as the limitation of use of harmful chemicals as well as the protection of the biodiversity.

Analysis of the market from YouGov suggests a pronounced demand for UK buyers for ethically produced products, with 70% of people buying Fairtrade products made by overseas farmers as well as agricultural workers during the same year. Additional research conducted by Fairtrade confirms the British people’s desire for fair trade and a stable living conditions for farmers in the countries in need, indicating the growing concern about social concerns among UK customers.

The UKVFTA provides a great opportunity to Vietnamese exports to the agricultural sector, as the elimination of tariffs on some key items including lychee and longan, rambutan fruit and mango. The growing preference of British customers for products that are Fairtrade certified indicates a potential marketplace for Vietnamese exports that adhere to the Fairtrade standards. To obtain Fairtrade certification is contingent on strict guidelines for environmental and labor which requires significant investments in the production process and training of workers.

Vietnamese goods, like coffee and coconut and coconut, have been granted Fairtrade certification. This demonstrates that the nation is committed to sustainable and ethical manufacturing. The UK is Viet Nam’s third largest European export market, experienced an increase of 23.5 percent rise in Vietnamese exports to the UK, which surpassed 5 billion dollars in the first 8 months of 2024. This highlights the increasing trade relations that is facilitated by the ethical standards of certification.

Source: VietNamNews