Vietnam and Israel have made progress during the eleventh round of negotiations on a free trade agreement (FTA) between the two countries.

In a column originally published in the Vietnam Investment Review’s 1-7 August edition, Eunjung Han, Consultant at Rouse Legal Vietnam and Vice-Chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam, looks at how the implementation of EU-Vietnam Free Trade Agreement (EVFTA) and relevant government policies make impacts on the growth of the local tech market.

Economic growth in the Asia-Pacific Economic Cooperation (APEC) region is expected to slow down this year amid soaring inflation, a protracted war in Ukraine, and heightened uncertainties, according to a new report by the APEC Policy Support Unit.

In June 2022, The EFTA countries and Thailand met in Borgarnes, Iceland, to relaunch free trade negotiations. The first round of negotiations was held on 28-30 June 2022 in Bangkok, Thailand.

The value of China’s imports and exports jumped 16.6 percent in July from the same period a year ago, buoyed by the increase in trade with members of the Regional Comprehensive Economic Partnership, according to the latest data.

The Europe-Vietnam Free Trade Agreement (EVFTA) has made a positive impact, creating an open and comprehensive market, while prompting the textile and garment industry to make greater efforts to invest in technological innovation. This is as well as promoting automation and digital governance in order to meet the very strict rules of origin set out in the terms of the EVFTA.

The current appreciation of the US dollar will certainly help export businesses to benefit more, however, behind these benefits, there are still many rising concerns such as rising global inflation. It also seems that the pressure is becoming quite high on exporters for deliveries in the last months of the year.

The Ministry of Industry and Trade has decided to impose trade remedies against sugar products imported from five ASEAN countries that use Thai sugarcane.

The Mexican Secretariat of Economy has announced its plan to initiate an anti-dumping investigation into cold-rolled sheets originating from Vietnam.

A newly launched trade pact in Asia is helping to fuel an increase in intra-Asia container volumes for carriers and logistics companies since taking effect in January