At the signing ceremony for EVFTA (Photo: VNA) Hanoi (VNA) – The EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA) were officially signed in Hanoi on June 30 afternoon, in the witness of Prime Minister Nguyen Xuan Phuc, Vietnamese National Assembly and Government leaders, and leaders of the European Union (EU). The EVFTA was inked by Minister of Industry and Trade Tran Tuan Anh and European Commissioner for Trade Cecilia, and the EVIPA, between Minister of Planning and Investment Nguyen Chi Dung and an EU leading official. Speaking at the signing ceremony, PM Phuc said that at the G20 summit in Japan on June 29, he had an important meeting with President of the European Commission Jean-Claude Juncker who stressed that June 30, 2019, is a special day of historical significance in the Vietnam – EU relations. The signing of the two important agreements has opened up a new horizon for a larger and more … [Read more...] about Vietnam, EU sign free trade, investment protection agreements
Eu vietnam free trade agreement
Long-awaited EU-Vietnam free trade deal inked in Hanoi
The signing ceremony was witnessed by Vietnam's Prime Minister Nguyen Xuan Phuc and Cecilia Malmstrom, European Commissioner for Trade. "Fifteen years ago, Vietnam was a small trade partner of the EU with an export turnover of $26 billion and needed EU assistance. Now the two sides have stepped into a new phase of relations, signing a new generation FTA based on transparency and openness," Minister of Industry and Trade Tran Tuan Anh said at the event. In mid last year, Vietnam and the EU agreed to split the original text of the EVFTA into two parts, an FTA which includes the main provisions, and a separate Investment Protection Agreement (IPA). Minister Anh said the signing of the EVFTA and IPA are the first steps and the two sides will still have to do lots of work to have the deals ratified and enforced. Cecilia Malmstrom said: "Very soon Vietnamese consumers will have access to goods from Europe and vice versa." She emphasized that EVFTA will eliminate 99 percent of … [Read more...] about Long-awaited EU-Vietnam free trade deal inked in Hanoi
French parliamentarian backs EU-Vietnam free trade agreement
An apparel factory of the Far Eastern New Apparel Vietnam company in Bac Dong Phu Industrial Park of Binh Phuoc province (Photo: VNA) Paris (VNA) – President of the France-Vietnam Friendship Group at the French National Assembly Stephanie Do said the group strongly backs the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA), which she described as a gateway for EU and Vietnam to access each other’s market more easily. In an interview granted to the Vietnam News Agency’s correspondent in Paris ahead of an official visit to France by Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan, the MP said the EVFTA plays an important role in promoting economic and commercial exchange, benefiting both the EU and Vietnam. She noted that France is the 16th biggest foreign investor in Vietnam, but accounts for less than 1 percent of the Vietnamese market. France wants to develop strongly bilateral relations in all aspects, so as to … [Read more...] about French parliamentarian backs EU-Vietnam free trade agreement
Free trade agreements take Vietnam economic linkage to new level: PM
The Hanoitimes - Vietnam would participate in a network of 16 FTAs consisting of 60 countries, which accounts for 61% and 68% of global GDP and trade turnover, respectively, the government portal reported. Vietnam’s economic linkage has gone to a new level, thanks to the recent approved Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) and the upcoming EU – Vietnam Free Trade Agreement (EVFTA), according to Prime Minister Nguyen Xuan Phuc. Prime Minister Nguyen Xuan Phuc at the ABAC meeting. Source: VGP. Vietnam’s recent approval of the CPTPP has shown the country’s determination in a comprehensive reform and integrating in the world economy, while supporting global free trade and investments, Phuc said in the APEC Business Advisory Council (ABAC) meeting in Papua New Guinea on November 17. According to Phuc, CPTPP would bring huge strategic and economic benefits to its members, including Vietnam. More … [Read more...] about Free trade agreements take Vietnam economic linkage to new level: PM
European Commission adopts Vietnam-EU free trade agreement
The Hanoitimes - Vietnam and the European Union (EU) made another move pushing their free trade agreement and Investment Protection Agreement (IPA) into place, during Prime Minister Nguyen Xuan Phuc’s visit to Europe. The European Commission (EC) on October 17 agreed to submit the EU-Vietnam Free Trade Agreement (EVFTA) to the European Council for its signing approval (expected late 2018) and to the European Parliament (EP) for ratification in 2019. The meeting between Prime Minister Nguyen Xuan Phuc and Chairman of the EP’s International Trade Committee Bernd Lange (Photo: VGP) At a press conference, the EU affirmed its commitment to putting the pact in place as soon as possible. The EC’s adoption of the EVFTA ahead of the 12th Asia-Europe Meeting (ASEM) Summit, which takes place on October 18, has shown all sides’ efforts to step up connectivity between Asia and Europe. During his trip, PM Phuc alslo met with other European leaders and … [Read more...] about European Commission adopts Vietnam-EU free trade agreement