James Moran, Director for Asia of the Directorate General for External Relations of the European Commission and head of the EU delegation said this regarding the fourth round of talks on the signing of a Partnership Cooperation Agreement (PCA) between Vietnam and EU.
The European Union is moving ahead with negotiations on a free trade agreement with Vietnam. The process is expected to be completed by October 2010, as the pact is now an EU priority under the new Swedish presidency.
Chilean President Michelle Bachelet said Friday she hoped Vietnam and Chile will soon sign a Free Trade Agreement (FTA) as the two countries have come into concurrence on many important issues during FTA negotiations.
The United States is on track to become the leading foreign direct investor in Vietnam, the head of a US business delegation said Wednesday.
Prime Minister Nguyen Tan Dung has ratified a comprehensive free-trade agreement with Japan. It will take effect in July this year.
At a hearing on proposed free trade negotiations with countries in the Trans-Pacific Partnership area (TPP), the US National Council of Textile Organisations opposed the proposed inclusion of Vietnam in the negotiations and said the textile industry would oppose any agreement that included Vietnam.
Japan is intensifying the import of tuna and various kinds of fish from Vietnam. Since other aquiculture export markets are drying up, many Vietnamese businesses are shifting the focus onto Japan.
The European Union is looking to sign a separate free trade agreement with Vietnam after experiencing a slow progress in negotiating a region-to-region free trade deal with ASEAN.
Japan and Vietnam signed an economic partnership pact Thursday with a promise to cut tariffs on some 92 percent of goods and services traded between the two nations within a decade.
The Free Trade Agreement between India and ASEAN will be signed in the first week of March 2009. It will lead to tough competition from Vietnam, whose productivity in tea, coffee and pepper is much higher than India’s.
According to JETRO, Japan will boost support to Vietnam next year, once the two governments sign an FTA, for the benefit of both Vietnamese and Japanese corporations
The first round of negotiations on the Vietnam-US Bilateral Investment Treaty (BIT) was held in Washington from Dec. 15-18.
“We are trying to promote negotiations on a free trade area (FTA) agreement with the US. This would be a long-term task,” said Vietnamese Ambassador to the US Le Cong Phung on the sideline of the 16th diplomatic sector conference, which opened in Hanoi on December 2.
The US Chamber of Commerce (AmCham) is set to hold in Ho Chi Minh City today a roundtable with Vietnamese officials on a planned bilateral investment treaty between the two countries.
Philippe Meyer, Head of the European Union’s Free Trade Agreement negotiation mission, told Vietnam’s press on October 14 that as the negotiations for the free trade agreement (FTA) between the EU and ASEAN have been going slowly, the EU is considering moving ahead by kicking off separate negotiations with some ASEAN’s countries that are ready to open their markets, including Vietnam.
Hanoi has requested Canada to consider Vietnam a developing country and limit its requirements within current international treaties while negotiating a bilateral investment promotion and protection agreement.
Japan has struck separate basic deals with Vietnam and Switzerland to conclude bilateral free trade agreements after more than one year of negotiations, government officials said Monday.
Australia, Peru and Vietnam have expressed interest in joining a budding Asia-Pacific tariff-busting plan which received a boost on Monday with the participation of the United States, officials said.
A free trade agreement between Vietnam and Japan will bring new opportunities for Vietnamese products to enter the Japanese market thanks to lower tariffs, a senior official says.
A senior Japanese diplomat said he hoped that the Economic Partnership Agreement (EPA) between Japan and Vietnam will be signed by the end of this year to pave the way for the two countries to boost their trade and investment.