EVFTA: challenges for Vietnam lie in non-tariff barriers

Vietnam has been told not to be too worried about the competition with the EU sourced products in the home market once the EU-Vietnam Free Trade Agreement (EVFTA) is signed.

“The EU is one of the most important markets for Vietnam. The EU-Vietnam economic relationship is the mutual-supporting relationship. The EU is not Vietnam’s main competitor,” commented Truong Dinh Tuyen, former Minister of Trade, who was the head of the Vietnamese negotiation delegation for Vietnam’s admission to WTO.