EU – Vietnam Free Trade Agreement

Posted by Marta Gargallo on 7/6/20 5:00 PM

The European Commission published a notice on 30 June 2020 announcing that the Free Trade Agreement (FTA) between the European Union (EU) and the Socialist Republic of Vietnam will enter into force on 1 August 2020.

This agreement will provide opportunities to increase trade through:

  • Eliminating 99% of customs duties between the 2 blocks. 65% of duties on EU exports to Vietnam will disappear as soon as the FTA enters into force, while the remainder will be phased out gradually over a period of up 10 years. In regards to Vietnamese exports to the EU, 71% of duties will disappear upon entry into force with the remainder being phased out over a period of 7 years.
  • Reducing regulatory barriers.

Link to the European Union notice:

Link to the Texts of the Agreement:

Topics: EU, FTA, Vietnam, European Union, European Commission

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