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The commitment is expressed in a joint statement issued by Vietnam’s Minister of Industry and Trade Tran Tuan Anh and European Commissioner for Trade Cecilia Cecilia Malmström following their meeting on October 19 in Brussels on the sidelines of the 12th Asia-Europe Meeting Summit (ASEM 12).

The Vietnamese Government and the European Commission (EC) have pledged to carry out the EVFTA and the IPA in a timely and effective manner.

The statement said the Vietnamese Government is preparing plans to fulfill obligations under the free trade agreements while the EC stands ready to support the necessary reforms and adjustments through technical assistance.

Both sides acknowledged the relevance of the trade and sustainable development chapter of the FTA and agreed to jointly promote initiatives in this field, including the ratification of the outstanding fundamental ILO conventions.

At their meeting, both sides spoke highly of the efforts and advancement made after completing the legal review process for the two free trade pacts last summer. The Vietnamese minister lauded the European Commission for its approval and submission of the deals to the European Council for approval on October 17.

European Parliament holds hearing on EU-Vietnam FTA

The European Parliament (EP)'s Committee on International Trade (INTA) on October 10 held an opening hearing on the Free Trade Agreement (FTA) and the Investment Protection Agreement (IPA) between Vietnam and the European Union (EU). 

 

EVFTA has positive impact on Vietnam’s economy: European firms

The business members of the European Chamber of Commerce in Vietnam (EuroCham) are optimistic about the Europe-Vietnam Free Trade Agreement (EVFTA)’s impacts on Vietnamese economy, with nearly 80 percent predicting a rosy future.

 

European travel agents make fact-finding tour of Hanoi

Hanoi’s Tourism Department, in collaboration with Vietnam Airlines, held a meeting with representatives of 22 travel agencies from 11 European countries on October 10.

 

Source: VNA