EVFTA – important solution to achieve growth targets: minister
The EU-Vietnam Free Trade Agreement (EVFTA) is a new stride in the country’s integration process and also an important solution to achieve growth targets of the industry and trade sector amid adverse developments in the global environment.
The EVFTA is hoped to create a major push for Vietnam’s exports (Photo: VNA)
Hanoi (VNA) – The EU-Vietnam Free Trade Agreement(EVFTA) is a new stride in the country’s integration process and also animportant solution to achieve growth targets of the industry and trade sectoramid adverse developments in the global environment.
Minister of Industry and Trade Tran Tuan Anhmade the remark at a meeting in Hanoi on March 4 that discussed preparationsfor the EVFTA implementation as this deal is expected to take effect this July.
He stressed that to reap good implementationresults, organisations and agencies of the whole political system, especiallythe industry and trade sector, need to engage in the work.
Luong Hoang Thai, Director of the ministry’sMultilateral Trade Policy Department, said the EU will finish relevantprocedures at the European Council on March 12 and be ready for the agreementenforcement. As it had actively drafted documents for the implementation beforethe EVFTA was submitted to the European Parliament, the agreement could becarried out immediately.
Meanwhile, Vietnam has also completed much workin this regard, he noted, adding that the Ministry of Industry and Trade (MoIT)has submitted a dossier on the EVFTA ratification to the Government, and theGovernment’s Office has asked the Ministry of Justice to coordinate with otherministries and sectors to consider legal documents that need to be issued oramended to implement the EVFTA.
Thai said to accelerate the ratification, theMoIT should step up working with the Government’s Office, the President’sOffice and the National Assembly’s Committee for External Relations to finishthe dossier seeking ratification and serve legislators’ verification of theEVFTA and adoption consideration.
The EVFTA, along with the EU-VietnamInvestment Protection Agreement, was ratified by the European Parliament onFebruary 12.
The two documents were signed in Hanoi on June30 last year, featuring intensive, extensive and comprehensive commitmentscovering economy, trade, investment and sustainable development issues.
The EVFTA, in particular, is hoped to create amajor push for Vietnam’s exports and help diversify the country’s exportmarkets./.
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The EVFTA is hoped to create a major push for Vietnam’s exports (Photo: VNA) 
