At the event (Photo: baochinhphu) Hanoi (VNA) – The government portal held aseminar in Hanoi on February 14 to review the decade-long efforts on theEuropean Union – Vietnam Free Trade Agreement (EVFTA).
On February 12, the EVFTA was ratified by the EuropeanParliament with 401 votes for, 192 against and 40 abstentions. The move also reflectedVietnam’s important political stature in the region.
Once the deal takes effect, over 99 percent of tariff lineswill be removed, thus creating favourable conditions for the EU’s exports toVietnam.
Speaking at the event, President of the Vietnam Chamber ofCommerce and Industry Vu Tien Loc described the EU as a huge market with theworld’s biggest purchasing power.
Head of the Ministry of Industry and Trade’s MultilateralTrade Policy Department Luong Hoang Thai said the EVFTA marks the success ofthe economy during global integration and reflects determination in expandingtrade ties with the EU.
Head of the Ministry of Agriculture and Rural Development’sInternational Cooperation Department Nguyen Do Anh Tuan said the EU has a needto import about 150 billion USD worth of Vietnamese farm produce each year, andthis means the room remains huge.
Meanwhile, Vice President of the Vietnam GeneralConfederation of Labour Ngo Duy Hieu affirmed that workers will have morecompetitive and sustainable jobs with higher income thanks to the deal./.
On February 12, the EVFTA was ratified by the EuropeanParliament with 401 votes for, 192 against and 40 abstentions. The move also reflectedVietnam’s important political stature in the region.
Once the deal takes effect, over 99 percent of tariff lineswill be removed, thus creating favourable conditions for the EU’s exports toVietnam.
Speaking at the event, President of the Vietnam Chamber ofCommerce and Industry Vu Tien Loc described the EU as a huge market with theworld’s biggest purchasing power.
Head of the Ministry of Industry and Trade’s MultilateralTrade Policy Department Luong Hoang Thai said the EVFTA marks the success ofthe economy during global integration and reflects determination in expandingtrade ties with the EU.
Head of the Ministry of Agriculture and Rural Development’sInternational Cooperation Department Nguyen Do Anh Tuan said the EU has a needto import about 150 billion USD worth of Vietnamese farm produce each year, andthis means the room remains huge.
Meanwhile, Vice President of the Vietnam GeneralConfederation of Labour Ngo Duy Hieu affirmed that workers will have morecompetitive and sustainable jobs with higher income thanks to the deal./.
VNA
