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Vietnam'S Tariffs On 99% Of The EU Free Trade Agreement Will Be Abolished Or Reduced.
Vietnam approved the free trade agreement with the European Union on Monday, which will cut or cancel 99% tariffs on trade in goods and provide an urgent boost for Vietnam's post epidemic economy. The agreement is expected to take effect in July. It is a free-trade agreement between the European Union and another ASEAN member after Singapore. The agreement will also open Vietnam's service industry to the EU, including postal, banking, shipping and public procurement markets.
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