Vietnam to remove US tariffs on wheat
ARLINGTON, Virginia – Today’s announcement that the Vietnamese government will remove a 3% tariff on U.S. wheat imports effective December 30, 2021 is good news for domestic growers and their customers and consumers alike. wheat processors in Vietnam.
As we reported in August 2021, US Wheat Associates and the National Association of Wheat Growers appreciate the efforts of the Biden administration, the USDA Foreign Agricultural Service, and Vietnam’s Ministry of Finance to eliminate this tariff, which follows a reduction of 5 to 3% in July 2020.
Vietnam imported over 500,000 metric tonnes of hard red spring, tender white, hard red winter and winter red wheat worth $ 129 million in marketing year 2020 / 21, second in volume behind Australia. Vietnam imports on average around 4 million tonnes of wheat per year.
âUS wheat exports to the growing Vietnam market are much slower so far this year due to the shortage and rising prices, so removing this tariff is very important for producers like me. Said Darren Padget, USW President and Soft White Grass producer. Valley, Ore.
“With about half of the wheat we produce available for export each year, we depend on increased access to markets like Vietnam,” said Dave Milligan, president of the NAWG and wheat grower of Cass City, Michigan. . “Here at home, the NAWG will continue to advocate for trade policies that create positive opportunities for wheat producers and their customers.”