Minister of Trade, Industry & Energy Yoon Sang-jik and Vietnamese Industry & Trade Minister Vu Huy Hoang signed the Korea-Vietnam FTA in Hanoi on May 5 in the presence of Vietnamese Prime Minister Nguyễn Tấn Dũng. According to the agreement, Korea and Vietnam will eliminate 94.7 percent and 92.4 percent of their tariffs based on the amounts of imports, respectively.
Korea and Vietnam signed a free trade agreement (FTA) in Hanoi, the trade ministry said Tuesday.
VietNamNet Bridge – Forty years after the war ended, relations between Viet Nam and the United States have grown significantly, especially in trade. In 2014, Viet Nam became the top ASEAN exporter to the US with a record trade surplus of almost US$25 billion. Bilateral trade reached $36.3 billion last year. Both nations are participants of Trans Pacific Partnership (TPP) trade negotiations, so bilateral trade is predicted to expand. Viet Nam News spoke to experts about how Viet Nam can leverage its reforms and economic competitiveness to reap the benefits of these new opportunities.
(Reuters) - The 12 countries working toward a historic Pacific trade pact could reach a deal at the end of May, though Canada must still show greater willingness to open up its markets, a senior Chilean official said on Thursday.
(MENAFN - Kuwait News Agency (KUNA)) Japan and the European Union (EU) wrapped up the 10th round of negotiations on a bilateral free trade agreement (FTA) on Tuesday, the Foreign Ministry announced here.