An agreement will open the European the promising market of Vietnam

In a time of trade tensions, and threats of protectionism, the Europeans are resisting. They are looking towards Latin America (the eu-Mercosur negotiations are

An agreement will open the European the promising market of Vietnam

In a time of trade tensions, and threats of protectionism, the Europeans are resisting. They are looking towards Latin America (the eu-Mercosur negotiations are close to achieve) but also to Asia. On Sunday, it is with Vietnam that the european Union will sign in Hanoi, a commercial agreement.

"The position of Vietnam in Asia, and its proximity to China and other markets is extremely interesting"

Bruno Hellendorf, a researcher at the Egmont Institute

This is the free trade agreement "the most ambitious ever concluded with a developing country", ensures the european commissioner for Trade, Cecilia Malmström. It should allow to eliminate 99 % of tariffs on goods traded between the two partners, in ten years. The second component relates to the protection of investments, which establishes a dispute settlement system. These two texts should facilitate the activities of european enterprises in Vietnam, by removing taxes, and technical barriers, thanks to a regulatory alignment is substantial. Limited to 6 billion euros, investments ...

Updated Date: 30 June 2019, 00:00

Kathleen Lees

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