Bernd Lange, Chairman of the European Parliament’s Committee on International Trade, has said he expects the European Union-Vietnam Free Trade Agreement (EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometime in November this year.
Vietnam has been actively preparing for the ratification and enforcement of the free trade agreement with the European Union (EU), Deputy Prime Minister Vuong Dinh Hue told Ambassador Bruno Angelet, Head of the EU Delegation to Vietnam, at a reception in Hanoi on November 30.
The European Commissioner for Agriculture and Rural Development will lead a high-level trade mission to Southeast Asia, including Vietnam, to explore market opportunities in the region.
Starting early next year, EU investors will be able to tender for several types of public infrastructure projects in Vietnam for the first time under EU-Vietnam Free Trade Agreement commitments.
Up to 100,000 tonnes of Vietnamese rice will be shipped to the EU each year tax-free in 2018 following the Vietnam-EU Free Trade Agreement, helping local rice exporters penetrate the market.
Prime Minister Nguyen Xuan Phuc has asked the Justice Ministries of Vietnam and Italy to further bolster their cooperation, especially in personnel training as a contribution to strengthening the strategic partnership between the two countries.
Three days after the parliament of the French Community of Belgium rejected the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, thousands of Europeans took to the street to protest the deal.
Secretary of the Ho Chi Minh City’s Party Committee Dinh La Thang suggested stronger economic cooperation between Vietnam and Belarus in the context that the free trade agreement between Vietnam and the Eurasian Economic Union (EAEU) took effect on October 5.
Some pending issues around the Vietnam-EU Free Trade Agreement are being settled to ensure that the deal will be ratified early next year.
Vietnam will continue reforming its economy, improving the business climate and fully implementing the commitments it has made to the free trade agreements (FTAs), actively contributing to regional economic and trade integration.