Exports could be affected by EU’s new environment policy
To reach environmental and climate goals, the EU has imposed the ESPR (Ecodesign for Sustainable Products Regulation), commencing July 18, 2024, which is expected to have an impact on Vietnam’s key export products to the EU.
According to the Vietnam Trade Office in Germany, the ESPR is a part of the key solution packages applied to reach the goals set by CEAP (Circular economy action plan). The regulation establishes requirements and information about eco-design for most kinds of goods brought to the EU market.