B.C. industry groups call move punitive, urge federal action.

The EU-Vietnam Free Trade Agreement (EVFTA) is a powerful catalyst for growth, helping both countries navigate global challenges such as the COVID-19 pandemic, geopolitical tensions, and inflation.

Vietnam ranks among the countries with the fastest e-commerce growth rates in the world.

Since the EVFTA kicked in, trade between Vietnam and the EU jumped 46.5% to 64.6 billion USD through 2024, up from 44.1 billion USD in the prior five years, Vietnam Customs data showed.

According to the Centre for WTO and International Trade, Viet Nam is currently a participant in and negotiator of 19 free trade agreements (FTAs), most of which have already come into effect with more than 60 partners across various continents, covering nearly 90% of global GDP.

Vietnam has risen to become the second largest exporter of smartphones to the United States, trailing only behind India, which topped the rankings for the first time, according to global technology vendor Canalys.

Since President Donald Trump began his second term in office, the European Union has steeled itself for what it sees as an existentially important battle.

In the first half of this year, coffee exports surged to $5.5 billion, with rice exports totalling $2.45 billion.

With traditional markets tightening through tariffs, technical barriers, and declining demand, Africa offers a strategic avenue for Vietnam to diversify its markets and supply chains.

The US and European Union (EU) agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.