| 

MERCOSUR textile market: A new frontier for Vietnamese exports

With Vietnam seeking to strengthen its trade relations with the MERCOSUR region, textile and apparel exports would play a major role in Vietnamese exports to the region. With tariffs as high as ** per cent for individual textile products, Vietnam will likely negotiate for the most favourable tariff rates for its apparel.

Exhibit *: Share of top ** textile and apparel exporting countries to MERCOSUR region (in %)