Vietnam, EU start free trade agreement negotiations
Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh and chief negotiator of the European Union (EU) Mauro Petriccione launched negotiations on a free trade agreement (FTA) between Vietnam and the EU, in Hanoi on October 8.
The negotiations were also attended by 60 Vietnamese and EU experts.
Vietnam is the third ASEAN member to talk FTA with the EU.
At present, Vietnam is the EU’s fifth trade partner in ASEAN with the union is Vietnam’s third trade partner.
The EU is the largest importer of Vietnam in the world, with an import turnover of 12.8 billion EUR in 2011. Its exports to Vietnam reached $5.2 billion (over 4 billion EUR) last year.
According to EU Trade Commissioner Karel De Gucht, the negotiation process is likely to take place in a long time. However, he said it would be completed before his working tenure finishes in October 2014.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC (October 01, 2024 | 16:46)
- Vietnam urges China to expand market access for agricultural products and strengthen trade ties (October 01, 2024 | 16:42)
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
- China's Geely to build $168 million automobile facility with Tasco in Thai Binh (September 24, 2024 | 19:03)
- Spate of claims made in typhoon aftermath (September 19, 2024 | 17:00)
Mobile Version