Vietnam and EU commit to endorse final procedures for ratifying mutual free trade agreement by 2018
By Ngọc Minh
September 19, 2017 | 07:21 AM GMT+7
During the visit to Belgium and the European Union, Deputy Prime Minister Vuong Dinh Hue and Vice President of European Commission Jyrki Kaitanen unanimously push for final procedures to approve and ratify the Vietnam - EU Free Trade Agreement.
Source: VPG
Deputy Prime Minister emphasized the great benefits of the Vietnam - EU Free Trade Agreement (EVFTA) which is not only significant for Vietnam but also important for both EU and member countries.
Vuong Dinh Hue also stressed that EVFTA will create more connections that link the EU, Southeast Asia and Asia Pacific.
In the context of increasing protectionism, the signing and ratification of EVFTA has great significance in promoting the process of trade liberalization.
Jyrki Kaitanen appreciated Vietnam's determination and goodwill of Vietnam. He affirmed that the EU considered EVFTA as an important step in implementing the policy of global trade liberalization, promoting economic growth and creating jobs.
Working with Kunio Mikuriya Secretary General of the World Customs Organization, Vuong Dinh Hue suggested that this organization support Vietnam to implement the WTO Agreement on Trade Facilitation.
He also affirmed that Vietnam's implementation of this Agreement derived from demand of reforming public administration, facilating business, developing economic and attracting foreign investment.
The two sides agreed to work together to endorse the final procedures for early signing and ratification of the EVFTA.
On September 15, Bernd Lange, chairman of the European Parliament's International Trade Committee, said the EU and Vietnam are expected to approve EVFTA in the summer of 2018 instead of early 2018 as before.
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