eu-vietnam free trade agreement
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The EU-Vietnam Free Trade Agreement has been inked, and is expected to usher in immense opportunities for Vietnam to expand its trade and investment ties with EU member states.
Vietnam’s benchmark VN-Index has risen since the ratification of the EU-Vietnam trade agreement on the back of listed firms whose exports would be boosted by the deal.
With tax barriers for less sensitive commodities being completely lifted within no later than three years since the adoption of the or EVFTA, Vietnam’s garment and footwear industries are predicted to be beneficial from the trade deal.
Once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, over 99 percent of tariff on goods from both sides will be lifted, a Vietnamese official has said.
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung paid a working visit to the EU and Belgium on June 20-21 to speed up the signing of the EU-Vietnam free trade agreement.