Conference to lift EVFTA contradictions

March 16, 2016 | 14:56

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On March 16, the Vietnam Chamber of Commerce and Industry (VCCI) organised a conference titled “Review of Vietnam’s legal framework against EVFTA commitments on investment-results and recommendations from the perspective of enterprises” in Hanoi.

The conference provided an opportunity for experts, representatives as well as local authorities to discuss the contradictions between Vietnam’s legal framework and certain EU-Vietnam Free Trade Agreement (EVFTA) commitments on investment results. Therefore, it is of utmost importance to ensure the smooth implementation of the EVFTA and secure benefits for Vietnamese enterprises.

In the framework of the conference, experts showed Vietnam’s investment commitments in the EVFTA and pointed out major differences between the Vietnamese legal framework and the country’s EVFTA commitments. Participating experts then discussed ideas and opinions about revising pieces of Vietnamese legislation.

“Reviewing the Vietnamese legal framework to dispel contradictions with our EVFTA commitments on investment is important because free trade agreements in general and the EVFTA in particular are expected to have a significant impact on Vietnamese institutions and policies in the upcoming time. This includes the arena of investments which is amongst the top concerns of the EU,” said Nguyen Thi Thu Trang, director of the Centre for WTO and Economic Integration under the VCCI.

In early March, the VCCI organised two other conferences - “Review of Vietnam’s legal framework against EVFTA commitments on customs and transparency-results and recommendations” and “Vietnam’s legal framework against EVFTA commitments on intellectual property - review results and recommendations”.

By By Kim Oanh

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