EU, Vietnam gear up for completion of FTA negotiations

(VOV) - Vietnam and the European Union (EU) will conduct the next round of negotiations on Free Trade Agreement (EV-FTA) in Brussels, Belgium this week.

The Ministry of Industry and Trade said negotiations will focus on remaining issues, such as intellectual property, government purchase and the implementation roadmap for Vietnam’s commitments.

Negotiators are determined to complete EV-FTA negotiations within this year.

eu, vietnam gear up for completion of fta negotiations hinh 0

Negotiations on the remaining issues had made significant progress at the 12th round of negotiations in Hanoi in March. The two sides basically went into details and devised solutions for key issues to develop the final commitment to opening goods and service market, investment, government purchase and issues related to intellectual property rights.

EV-FTA is expected to help spur Vietnam’s exports to the EU by 30-40% as many Vietnamese products will enjoy import duties of zero when the FTA comes into effect.