Viet Nam and the European Union (EU) have finished the legal review process for their free trade agreement (FTA) and reached consensus on the entire bilateral investment protection deal.
Enterprises should scrutinise rules to take advantage of the free trade
agreement (FTA) between the Eurasian Economic Union (EAEU) and Viet
Nam, industry and trade officials said during a conference in Ha Noi
yesterday.
Import tax on 4,959 types of goods from the Eurasian Economic Union
(EAEU) countries will be reduced to zero immediately when the free trade
agreement (FTA) between Viet Nam and the takes effect this year.
Vietnamese firms involved in fishery and agricultural products were
urged to study the sanitary and phytosanitary measures (SPS) of the
European Union (EU) markets to optimise opportunities for both sides.
The free trade agreement (FTA) between Viet Nam and the Republic of
Korea (RoK) came into effect yesterday, according to a Ministry of
Industry and Trade (MoIT) press release on Saturday.
Viet Nam News reporter Yen Vy spoke with Yoo Chung-sik, an executive at
the Korea Agro-Fisheries & Food Trade Corporation, about this at the
2015 K-Food Fair held recently in Ha Noi.
Once the Viet Nam-EU free trade agreement (FTA) is signed, Viet Nam will
need to renovate its economic policies and institutions and be prepared
for agreement enforcement, said Danish Ambassador to Vietnam John
Nielsen yesterday .
These developments will strengthen the base upon which Viet Nam''s
economy can be restructured for sustainable development, said Hong Sun,
Secretary General of Korcham in Viet Nam (the Korea Chamber of Commerce
and Industry), in an interview with the Vietnam News Agency.
Enterprises from Viet Nam and the Republic of Korea are expected to
expand co-operation and trade exchange opportunities in the
manufacturing, food, cosmetics, and consumer goods distribution sectors.
The Free Trade Agreement (FTA) negotiations between Viet Nam and the
European Union (EU) requires continuous efforts from both sides, said
the European Parliament''s President of the Committee on International
Trade, Bernd Lange, in Ha Noi yesterday.
The Viet Nam-South Korea Free Trade Agreement (FTA) will serve as a
milestone to strengthen the two countries'' economic relations, expected
to reach US$70 billion in trade by 2020.
The signing of a free trade agreement (FTA) between Viet Nam and South
Korea will help Vietnamese seafood companies export their products to
South Korea, according to the Viet Nam Association for Seafood Export
and Processing (VASEP).
Ministries, sectors and localities need to commit to reducing import
taxes, as established in a Free Trade Agreement (FTA) for 2015 to 2018,
Deputy Prime Minister Vu Van Ninh said.
Vietnamese major exports will soon see strong growth in South Korea
after the approval of the Vietnam-Korea Free Trade Agreement (FTA),
reported Dau Tu (Investment) newspaper.