EVFTA significant to facilitating Vietnam-EU trade liberalization

11:22 | 19/09/2017 Cooperation

On September 18 in Brussels, Deputy Prime Minister Vuong Dinh Hue met with Vice President of the European Commission JyrkiKatainen as part of his working visit to Belgium and the EU.

Deputy Prime Minister Vuong Dinh Hue met with Vice President of the European Commission JyrkiKatainen on September 18 in Brussels - Photo: VGP

At the working session, Deputy Prime Minister Vuong Dinh Hue underlined the importance of comprehensive cooperation between Vietnam and the EU. Vice President of the European Commission JyrkiKatainen highlighted the achievements of Vietnam and agreed with the Vietnamese Deputy PM to facilitate all-level visits, particularly the Vietnam visit by President of the European Council Donald Tusk.

Both leaders shared the view that the approval of the Vietnam-EU Partnership and Cooperation Agreement has created an important legal framework to further deepen Vietnam-EU relationship.

Regarding the EU-Vietnam Free Trade Agreement (EVFTA), Hue noted that amid the rising protectionism, the signing and ratification of the deal are significant to facilitating trade liberalization.

The two sides pledged to step up final procedures for the early signing and ratification of the agreement. The EU side will also improve Vietnam’s capacity to fully and effectively enforce EVFTA’s commitments.

Within the multilateral cooperation framework, Vietnam and the EU will continue working closely together and strengthening consultation to enhance cooperation efficiency, especially at the Asia-Europe Meeting (ASEM) and the ASEAN-EU Dialogue.

Deputy PM Hue asked the EU to maintain official development assistance to Vietnam via bilateral and multilateral channels while supporting Mekong Sub-regional cooperation programmes, the ASEAN Community and its central role in the evolving regional architecture.

On the same day, the Vietnamese official also met with European Union Chief Negotiator for the EVFTA Mauro Petriccione.

He delivered an opening speech and hosted a round-table meeting with nearly 100 business representatives from Belgium and the EU.

Earlier, at a seperate meeting with Secretary General of the World Customs Organisation (WCO) KunioMikuriya, Hue urged the WCO to continue assisting member customs agencies and suggested specific cooperation areas between the two sides.

Deputy PM Hue proposed that the WCO should back Vietnam in realising the World Trade Organisation Trade Facilitation Agreement (WTO TFA), affirming that his country sees the implementation of the deal as part of activities to reform administrative procedures, develop the economy and attract foreign direct investment.

Mikuriya, for his part, spoke highly of Vietnam’s achievements in trade liberalization and facilitation. He shared information regarding apparatus and governance as well as joint work between customs and management agencies in border areas.

On September 17, the Deputy PM held a working session with Rent-A-Port, which specialises in design and development of marine infrastructure and industrial zones in Belgium.

Host and guest discussed Rent-A-Port’s underway projects in Vietnam and the possibility of developing green industrial zones and renewable energy projects in Vietnam in the near future.

Nguyen Phuong