The European Parliament’s ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) on February 12 will open up a golden opportunity to improve value chains, said President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

The EU-Vietnam Free Trade Agreement (EVFTA) was officially ratified by the European Parliament with 401 votes for (accounting for 63.33%) and the EVFTA dossier is being completed to be submitted to the Vietnamese President and the National Assembly (NA) for approval at the upcoming NA meeting in May. According to the progress, EVFTA may officially come into force in July this year. Time is running out and Vietnamese businesses need to be ready to overcome difficulties as well as taking advantage of the opportunities from the agreement.

The European Parliament (EP)’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement on February 12 has been applauded in the Czech Republic.

With the comprehensive strategic partnership and large purchasing power, Vietnam and India have large potential to increase two-way trade via boosting the export of their strong commodities to each other’s markets, trade officials of the two countries said.

The new trade agreement between Vietnam and the European Union opens many doors for agriculture, according to experts.

Investors from the EU will have opportunities to own higher stakes in Vietnamese banks than those from other countries under Việt Nam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA).

The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) were officially ratified by the European Parliament (EP) on February 12, 2020. This is a significant event, creating a turning point in the integration process of Vietnam, said Minister of Industry and Trade Tran Tuan Anh in an article published on Nhan Dan Newspaper.

The easy part is behind us. The United States has succeeded in putting the World Trade Organization Appellate Body out of business by depriving it of a quorum. The more challenging task lies ahead – finding a way to revamp the Appellate Body so that the rules of the “rules-based” international trading system can be enforced. Every effort should be made to do so prior to the next WTO ministerial in June.

EVFTA aims to massively boost trade and investment but does nothing to improve Hanoi’s poor rights record.

Exports to the European Union from developing countries using special tariff preferences under the EU’s Generalised Scheme of Preferences (GSP) reached a new high of €69 billion in 2018. According to the European Commission’s report published every two years on the GSP, released today, exports to the EU from the 71 GSP beneficiary countries increased to almost €184 billion. Nearly €69 billion of these used GSP special preferences.