The EU-Vietnam Free Trade Agreement (EVFTA) is likened to a "highway" leading Vietnamese goods, including agricultural products, to the large and potential EU market quickly and effectively. However, to go on that "highway", Vietnam is suggested to prepare a "vehicle" that satisfies the European standards.

Along with tariff incentives brought about by the implementation of the EVFTA, local businesses have been advised to enhance their capacity to join new supply chains as a means of fully tapping into opportunities presented by the trade pact, according to insiders.

The Eurasian Times has recently published an article on Vietnam’s success in attracting foreign direct investment (FDI), saying the Southeast Asian nation has emerged an FDI hub in Asia.

UN forecasts suggest global trade is undergoing a “frail recovery” after a major slump in Q2, boosted by surging Chinese exports and fresh economic activity in Europe and east Asia.

Vietnam hopes to make economic cooperation truly an important driver for its relations with Japan, the US, and Australia, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh said on October 30.

With the EU-Vietnam Free Trade Agreement (EVFTA) an important factor in attracting EU investors, it is not the only reason why financiers are interested in the nation, according to Nicolas Audier, chairman of the European Chamber of Commerce in Vietnam (EuroCham), speaking during a recent media interview.

International trade secretary Liz Truss recently made it clear that the UK needed to close a US trade deal by mid-2021 if it was going to happen any time soon. In July, the US government’s Trade Promotion Authority -which allows trade deals to be passed through Congress without being amended – will expire.

Using online platforms to boost exports is an inevitable trend that will help food and beverage businesses penetrate the global market, reduce costs and quickly reach consumers, especially amid the COVID-19 pandemic, business leaders and industry experts have said.

The European Union (EU) is ready to resume negotiations on its free trade agreement (FTA) with Thailand as soon as possible, senior officials have affirmed

Australia has stopped sending rock lobster to its biggest market of China after new Chinese customs inspections were imposed on the live seafood, an industry group and the Australian government said.