FTA commitments open opportunity for Vietnam

VOV.VN - Joining the Trans-Pacific Partnership (TPP) and signing a Vietnam-EU Free Trade Agreement (EVFTA) will create an opportunity for Vietnam to bring its intellectual property rules in line with international standards.

A Vietnam-EU Free Trade Agreement will have a significant impact on Vietnam’s economic and legal institutions, particularly regarding intellectual property. Director of the WTO and Integration Center of the Vietnam Chamber of Commerce and Industry Nguyen Thi Thu Trang said Vietnam needs to review the compatibility of its laws with TPP and EVFTA commitments on intellectual property.

“We’ll have to carry out institutional reform, improve the business environment, and increase the competitiveness of businesses and the whole nation. Free trade agreement commitments will definitely boost Vietnam’s reform process”, Ms Trang said.

Though most of Vietnam’s legal commitments on intellectual property are compatible with TPP and EVFTA principles and standards, Vietnam needs to do more on this issue, said Director of the SB law firm Pham Duy Khuong.

Khuong noted that “Vietnam’s Law on Intellectual Property needs to cover some wider aspects including criminalizing violations of intellectual property rights, and the import or export of items infringing copyrights.”

Fine-tuning intellectual property legislation will help Vietnam attract more investment, regardless of when free trade agreements it has signed take effect.     

Mời quý độc giả theo dõi VOV.VN trên

Related

PM: Vietnam wants to sign FTA with EU soon
PM: Vietnam wants to sign FTA with EU soon

Prime Minister Nguyen Xuan Phuc told European Commissioner for Agriculture and Rural Development Phil Hogan that Vietnam wants to sign a free trade agreement (FTA) with the European Union (EU) soon. 

PM: Vietnam wants to sign FTA with EU soon

PM: Vietnam wants to sign FTA with EU soon

Prime Minister Nguyen Xuan Phuc told European Commissioner for Agriculture and Rural Development Phil Hogan that Vietnam wants to sign a free trade agreement (FTA) with the European Union (EU) soon. 

Seafood exports benefit most from Vietnam-EAEU FTA
Seafood exports benefit most from Vietnam-EAEU FTA

Nearly 90% of tariff lines have been cut and reduced, with 59% abolished immediately as the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) has taken effect since October 2016.

Seafood exports benefit most from Vietnam-EAEU FTA

Seafood exports benefit most from Vietnam-EAEU FTA

Nearly 90% of tariff lines have been cut and reduced, with 59% abolished immediately as the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) has taken effect since October 2016.

EU-Vietnam FTA requires customs reform
EU-Vietnam FTA requires customs reform

Researchers have urged that the legal framework on specialised checks on imports and exports be improved for compatibility with commitments to the EU-Vietnam Free Trade Agreement (EVFTA).

EU-Vietnam FTA requires customs reform

EU-Vietnam FTA requires customs reform

Researchers have urged that the legal framework on specialised checks on imports and exports be improved for compatibility with commitments to the EU-Vietnam Free Trade Agreement (EVFTA).