The free trade deal signed between Vietnam and the EU will pave the way for 99% tariff reductions of goods between the bloc and the Socialist Republic. Vietnam FMTnews
The free trade deal signed between Vietnam and the European Union still needs the approval of the European Parliament.
HANOI: The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the bloc and the Southeast Asian country.It still needs the approval of the European Parliament, which is not a given as some lawmakers are concerned about Vietnam’s human rights record.
The EU has described the EU-Vietnam Free Trade Agreement as “the most ambitious free trade deal ever concluded with a developing country”.
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