Print article

VN, EU resolved to conclude FTA talks this year

VGP – Viet Nam and the European Union are resolved to conclude the free trade agreement talks this year, according to an official from the Ministry of Trade and Industry.

June 19, 2014 7:20 PM GMT+7

Deputy Minister of Trade and Industry Tran Quoc Khanh said that 90% of the Vietnamese products will enjoy tax exemption if the two sides sign the FTA, opening up vast opportunities for the Southeast Asian country to join the global supply chain.

In June 2012, Viet Nam and the EU launched negotiations for the FTA with a view to ensuring an effective environment for trade and investment relations.

The EU works closely with Viet Nam under the framework of a Partnership and Cooperation Agreement inked in June 2012, creating a solid foundation to intensify relations further in a broad range of areas.

In a wider context, ASEAN as a whole represents the EU's 3d largest trading partner outside Europe (after the US and China). Of the ten ASEAN members, Viet Nam is the EU's 5th most important trading partner./.

By Huong Giang