Recently signed, the European Union – Vietnam FTA (EVFTA) presents exciting opportunities in a multilateral trading partnership that was valued at over 28 billion Euros in 2015.
HÀ NỘI (VNS) — The dispute settlement mechanism between the Government and foreign investors under the terms of the EU-Việt Nam Free Trade Agreement (EVFTA) are not compatible with some institutions in the country, an economic expert said.
A conference to review Vietnamese laws on its commitments to the EU–Việt Nam Free Trade Agreements (EVFTA) and transparency heard many opinions on how to create favourable conditions for enterprises.
The negotiation of an FTA with the EU is expected, besides reducing and eliminating EU tariffs, to restrict the application of non-tariff barriers, too. The biggest non-tariff challenges affecting Vietnamese exports to the EU are connected to the EU’s use of trade defense instruments, notably anti-dumping, and the EU’s SPS and TBT measures.
The impact of Vietnam – EU FTA on some selected importing sectors of Vietnam: Automotive industry, Electronics and Machineries and Banking Sector.
The impact of Vietnam – EU FTA on some selected exporting sectors of Vietnam: Textiles and Garment, footwear industry.