The agreement deepens the Vietnam–European Union relations and was adopted by Council Decision (EU) 2020/753 of March 30, 2020 on the conclusion of the free trade agreement between the EU and Vietnam.[2] The agreement was passed in Vietnam on June 8, 2020, in the Vietnamese National Assembly and entered into force on August 1 of that year.[3] Both agreements were approved by Vietnam's lawmakers with a large majority of around 95% of the vote.[4]
According to the European Commission, the agreements will provide opportunities to increase trade and support jobs and growth on both sides, through
Eliminating 99% of all tariffs
Reducing regulatory barriers and overlapping red tape
Ensuring protection of geographical indications
Opening up services and public procurement markets
United Kingdom–Vietnam Free Trade Agreement: a similar free trade agreement between the UK and Vietnam. It is largely derived from EVFTA with minor modifications and was made to continue the rights and obligations between the two countries after Brexit.[6][7]
^"EVFTA, EVIPA opportunities for Vietnam's development and integration". THE VOICE OF VIETNAM. 8 June 2020. Retrieved 3 January 2021.
^"COUNCIL DECISION (EU) on the conclusion of the Free Trade Agreement between the European Union and the Socialist Republic of Viet Nam, 2019/753 of 30 March 2020". Official Journal of the European Union.
^"EVFTA officially effective from August 1". Customs News (in Vietnamese). 10 June 2020. Retrieved 3 January 2021.
^VnExpress. "Vietnam ratifies EU free trade agreement - VnExpress International". VnExpress International – Latest news, business, travel and analysis from Vietnam. Retrieved 3 January 2021.
^"EU-Vietnam Agreements". Trade - European Commission. Retrieved 3 January 2021.
^"UK/Vietnam: Free Trade Agreement". GOV.UK. Retrieved 17 September 2022.
european, union, vietnam, free, trade, agreement, vietnam, free, trade, agreement, evfta, free, trade, agreement, between, european, union, socialist, republic, vietnam, vietnam, investment, protection, agreement, evipa, also, agreed, which, bilateral, investm. The EU Vietnam Free Trade Agreement EVFTA is a free trade agreement between the European Union EU and the Socialist Republic of Vietnam The EU Vietnam Investment Protection Agreement EVIPA was also agreed which is a bilateral investment treaty 1 EU Vietnam Free Trade AgreementFree Trade Agreement between the European Union and the Socialist Republic of Viet Nam Vietnam European Union EU TypeFree trade agreementSigned30 June 2019LocationHanoi VietnamEffective1 August 2020ConditionApproval by all signatoriesParties Vietnam European UnionLanguagesVietnamese and all official EU languagesThe agreement deepens the Vietnam European Union relations and was adopted by Council Decision EU 2020 753 of March 30 2020 on the conclusion of the free trade agreement between the EU and Vietnam 2 The agreement was passed in Vietnam on June 8 2020 in the Vietnamese National Assembly and entered into force on August 1 of that year 3 Both agreements were approved by Vietnam s lawmakers with a large majority of around 95 of the vote 4 According to the European Commission the agreements will provide opportunities to increase trade and support jobs and growth on both sides through Eliminating 99 of all tariffs Reducing regulatory barriers and overlapping red tape Ensuring protection of geographical indications Opening up services and public procurement markets Making sure the agreed rules are enforceable 5 See also editUnited Kingdom Vietnam Free Trade Agreement a similar free trade agreement between the UK and Vietnam It is largely derived from EVFTA with minor modifications and was made to continue the rights and obligations between the two countries after Brexit 6 7 European Union free trade agreementsReferences edit EVFTA EVIPA opportunities for Vietnam s development and integration THE VOICE OF VIETNAM 8 June 2020 Retrieved 3 January 2021 COUNCIL DECISION EU on the conclusion of the Free Trade Agreement between the European Union and the Socialist Republic of Viet Nam 2019 753 of 30 March 2020 Official Journal of the European Union EVFTA officially effective from August 1 Customs News in Vietnamese 10 June 2020 Retrieved 3 January 2021 VnExpress Vietnam ratifies EU free trade agreement VnExpress International VnExpress International Latest news business travel and analysis from Vietnam Retrieved 3 January 2021 EU Vietnam Agreements Trade European Commission Retrieved 3 January 2021 UK Vietnam Free Trade Agreement GOV UK Retrieved 17 September 2022 UK trade deal benefits Vietnamese goods Ministry of Industry and Trade of the Socialist Republic of Viet Nam Retrieved 17 September 2022 External links editGUIDE TO THE EU VIETNAM TRADE AND INVESTMENT AGREEMENTS nbsp This article related to a treaty is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title European Union Vietnam Free Trade Agreement amp oldid 1110821255, wikipedia, wiki, book, books, library,
