date:Apr 28, 2016
within five years. Tariffs on cheese, milk powder, and whey will be immediately removed.
The USDA referred to Vietnam as one of the fastest-growing markets for U.S. food and agricultural products, with U.S. exports totaling $2.3bn in 2015, a 357% increase from 2007.
Dairy products are currently the fifth largest US export sector to Vietnam, with exports of $168m in 2015.
Increased demand for ingredient products
As the Vietnamese incomes grew, so did the market for dairy, IDFA director of int