Minister: EVFTA creates chances to infiltrate into 18 trillion USD market
Minister of Industry and Trade Tran Tuan Anh on February 12 described the European Union – Vietnam Free Trade Agreement (EVFTA) as a lever for growth, opening up opportunities to infiltrate into a market with a gross domestic product of 18 trillion USD.
Hanoi (VNA) – Minister of Industry and TradeTran Tuan Anh on February 12 described the European Union – Vietnam Free TradeAgreement (EVFTA) as a lever for growth, opening up opportunities to infiltrateinto a market with a gross domestic product of 18 trillion USD.
During a press conference in Hanoi following the EuropeanParliament’s ratification of the EVFTA earlier the same day, Minister Anh saidthe EU values Vietnam as a comprehensive and trustworthy partner in SoutheastAsia and the world over.
The move holds special significance as the EU is one ofVietnam’s current top two importers, Anh said, adding it is also a focus bothsides are turning to for the future./.
A workshop was held at the headquarters of the European Parliament (EP) in Brussels, Belgium, on January 28 to clear up parliamentarians’ concern regarding the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).
Joining new-generation free trade agreements (FTAs) will help Vietnam diversify its economic and trade relations, especially expanding import and export markets, avoiding excessive dependence on a specific region and helping the economy cope better with external fluctuations.
The European Parliament (EP) on February 12 ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).
The ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA) by the European Parliament (EP) has reflected its high valuation of and trust on Vietnam as a comprehensive and important partner in all areas, not only in Asia but the world also.
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Illustrative image (Photo: VNA) 
