Negotiation Update

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Israeli Minister of Economy and Industry Nir Barkat on July 25 signed the Vietnam - Israel Free Trade Agreement (VIFTA) in Tel Aviv in the presence of Vietnamese Deputy Prime Minister Tran Luu Quang and Israeli Prime Minister Benjamin Netanyahu.

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In recent years, the two-way trade between Israel and Vietnam has shown promising growth, and the upcoming Vietnam-Israel Free Trade Agreement (VIFTA) is expected to further enhance it. We take a brief look at the current state of trade between these two countries and the potential benefits of this agreement.

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Vietnam and Israel on April 2 announced the conclusion of negotiations for their free trade agreement (FTA), creating a premise for the two countries to sign the deal right this year.

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Việt Nam and Israel made progress during the fifth round of negotiations on a free trade agreement (FTA) between the two countries in Jerusalem City.

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On March 28th 2016, in Hanoi, Mr. Tran Quoc Khanh, Deputy Minister of Industry and Trade of Vietnam, Chief negotiator and Ms. Meirav Eilon Shahar – Ambassador of Israel in Hanoi presided the opening ceremony of the first negotiation session for free trade agreement (FTA) between Vietnam and Israel.

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Israeli Prime Minister Benjamin Netanyahu and Vietnamese Deputy Prime Minister Hoang Trung Hai have officially announced the start of negotiations on a Free Trade Agreement (FTA) between the two countries.

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