Pakistani exporters fear that a Free Trade Agreement (FTA) between Vietnam and European Union (EU) and expiry of GSP+ status in 2023 will severely hit Pakistan’s exports to European countries.
Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
Dialogue partners look set to clinch the Regional Comprehensive Economic Partnership (RCEP) on Nov 14 in Vietnam, according to the trade negotiators’ chief.
The United Kingdom said it has Vietnam’s support to join a trans-Pacific trade deal, a boost for the country facing the dire economic impacts of Brexit and the coronavirus pandemic.
UK Foreign Secretary Dominic Raab will visit Vietnam on Tuesday to hold talks with his counterpart Pham Binh Minh, with a trade deal at the top of the agenda ahead of the ending of the transition period for Britain’s exit from the European Union this year.
Southeast Asian countries facing the daunting challenge of kick-starting economic recoveries from COVID-19 are showing little interest in a step that could help — fast-tracking free trade talks with the European Union.
Vietnam and Israel are stepping up negotiation for the Vietnam – Israel Free Trade Agreement (VIFTA), which, once completed, would be a major boost for bilateral relations.
Việt Nam is willing and ready to share its experience with the UK if the country wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Vietnam seeks to build on its new free trade agreement with the European Union to expand foreign investment in medical equipment and pharmaceuticals, with the government position the country as an alternative production base to China.
The EU’s controversial trade deal with Vietnam comes into force on Saturday, despite criticism that it ignores environmental and human rights concerns about the communist state.
Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yanez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries.
There are those in Japan who insist that the RCEP agreement must be signed even without Indian participation. The signing is scheduled for November in Hanoi.
India has blasted the EU and Vietnam for ratifying a free trade agreement that would be "another blow" to Indian businesses.
The free trade agreement between the European Union and Vietnam, known as EVFTA, will come into force on 1 August, according to a Vietnamese government statement on 18 June.
Vietnam believes India and China should exercise restraint and not complicate matters further at a time when the world is reeling under the coronavirus pandemic compounded with economic challenges.
Vietnam’s National Assembly passed resolutions ratifying the EU-Vietnam free trade agreement and investment protection agreement.
The implementation of the EU - Vietnam FTA deal also poses many challenges to Vietnamese agricultural products. Besides strict standards from the European Union market, competitive pressure in the domestic market is also a big issue.
The National Assembly (NA) Standing Committee has agreed that the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement (EVIPA) will be submitted to the upcoming 9th NA session for approval.
This will allow more efficient use of opportunities granted by the Vietnam-EAEU free trade agreement and increase export of Belarusian milk and dairy products to Vietnam.
The National Assembly of Vietnam will consider and most likely ratify the free trade agreement between Vietnam and the European Union (Evfta) when it holds its 7th Session next month.