Opportunities from Vietnam market
The EVFTA includes many commitments to enforce IPR which give higher enforcement rights to right holders and enforcement agencies, and increase the level of responsibility and sanctions for those who infringe IPR.
MoreRegulations on origin certification procedures in the EVFTA are applied to all types of goods. The EVFTA allows two types of origin certification, including:
MoreIn order to enjoy EVFTA tariff preferences when exporting to Germany or importing from Germany into Vietnam, products must meet the EVFTA's rules of origin (ROO) and procedures for certification of origin.
MoreIn the EVFTA, Vietnam has commitments to open its government procurement market for the EU. Therefore, German companies will be able to access public procurement (goods, services, construction) of Vietnam’s entities at central level, and of Hanoi and Ho Chi Minh City.
MoreThe EVFTA has a separate Chapter (Chapter 12) on Intellectual Property (IP). Compared with the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) of the WTO, the EVFTA has a broader scope of regulations and higher standards of protection in some aspects of IP.
MoreGeographical Indication (GI) is a category of IP that the EU has particular interest as it has a lot of products protected in the form of GI.
MoreIn comparison with TRIPS and Vietnamese law, the commitments on Copyrights, Trademarks, Industrial Designs and Patents in the EVFTA have some notable new points as follows:
MoreSanitary and Phytosanitary Measures (SPS) are all regulations, conditions and mandatory requirements for imported goods in order to protect the lives and health of people, animals and plants, through ensuring food safety and/or preventing the entry of diseases of plant and animal origin.
MoreTrade remedies (including anti-dumping, anti-subsidy and safeguard measures) allow an importing country to protect its domestic industry against unfair competition (dumping, subsidized) or massive imports of foreign goods that cause significant or serious injury to the domestic industry.
MoreOpportunity from tariff reduction and market opening: This is probably the biggest opportunity from the EVFTA for German exports to Vietnam because currently Vietnam is applying relatively high MFN tariff rates
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