Vietnam And Europe Sign Free Trade Agreement
After studying the bilateral trade and services trade and the existing investment relationship, the FTA research group, jointly established by Vietnam and the free trade association of Europe (Iceland, Norway, Switzerland, Liechtenstein, EFTA), concluded that the two sides had negotiated the signing.
Free trade agreement
It is necessary.
according to
Vietnam?
In a seminar held in Hu Zhiming city with EFTA recently, it was pointed out that the research report has been sent to the Vietnamese government and the European Free Trade Association's power and responsibility agency. The two governments will make a decision on whether or not to initiate a free trade agreement.
The contents of the free trade agreement include industrial products, agricultural products, rules of origin, trade facilitation, trade remedy, health and plant health measures and trade technical barriers.
In addition, other topics such as service trade, investment, intellectual property rights, sustainable development, technical cooperation and market economy will also be discussed in future consultations.
According to SveinungRoren, deputy director of the Department of trade policy of the Ministry of industry and trade in Norway, the consultation on free trade agreements between Vietnam and EFTA is expected to start in summer this year. The time required for consultation is about 1 to 2 years.
After the signing of the agreement, Vietnam will increase its export products to the members of the European Free Trade Agreement (EFTA), including footwear, clothing, handicrafts, wood products, aquatic products and agricultural products.
EFTA members will also enjoy preferential tariffs on Vietnam, including fishery products, pharmaceuticals, chemicals, industrial products and banking, shipping and other service industries.
According to LEVANDAO, vice chairman of Vietnam textile and Garment Association, EFTA recommended EU.
Cambodia
And Bangladesh's rules of origin, that is to say, Vietnam is given preferential tariffs instead of homemade rates.
The bilateral trade between Vietnam and EFTA increased dramatically. The bilateral trade volume in 2008 amounted to only 800 million US dollars. In 2009, the bilateral trade reached 2 billion 700 million, growing 330%. Last year, it was as high as 3 billion 400 million.
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