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EuroCham members believe that the detailed recommendations outlined in the Whitebook will help to make Vietnam a more competitive, attractive and business-friendly trade and investment environment.

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In addition to benefiting from import tariff cuts, under the EU-Vietnam Free Trade Agreement, European businesses will be able to have their products protected in Vietnam, to which they can boost exports on account of the nation’s commitments in protection of geographical indications.

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The European Commission (EC) had earlier announced it would dispatch a working team to Vietnam last month to review the country’s efforts to handle illegal fishing. However, it missed the scheduled date, so the yellow card for the country’s seafood remains in place, Thanh Nien Online newspaper reported.

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There is no doubt that the EVFTA would create a turning point in Vietnam – EU relations, said Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), in an interview with the Dau Tu (Investment) Newspaper.

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The European Parliament elections, which take place May 23-26, are causing further delays for the EU-Vietnam Free Trade Agreement (EVFTA). At least that’s the outcome of the provisional agenda set by the new Romanian EU Presidency. It results in the fact that this already long-delayed trade deal won’t enter into force before 2020.

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The European Union − Vietnam Free Trade Agreement (EVFTA), which is heading to the European Council and Parliament for the final approval necessary for it to come into force, brings unprecedented advantages and benefits for Vietnam and the EU.

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In a meeting with Swiss President Ueli Maurer yesterday, PM Phúc said Việt Nam attached importance to consolidating and strengthening its ties with Switzerland.

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The EU-Vietnam Free Trade Agreement (EVFTA) may not be ratified as soon as expected if Vietnam makes no progress in addressing key labor issues, experts warned.

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The EU-Vietnam Free Trade Agreement (EVFTA) is hoped to usher in a new period in promoting cooperation and mutual economic development between the two sides as it comes into effect in mid-2019, according to Italian experts.

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With the EU being among the largest importers of Vietnam’s wood products, the upcoming adoption of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Vietnam and the European Union will help Vietnam both attract more European investment and boost its wood product exports to not only the EU, but also many other markets.

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