Government drafts action program for EVFTA implementation

08:54 | 18/03/2020 Cooperation

(VEN) - Minister of Industry and Trade Tran Tuan Anh is seeking to focus on three key issues in developing the government’s action program for implementation of the EU-Vietnam Free Trade Agreement (EVFTA), which will take effect later this year. 

government drafts action program for evfta implementation
Minister of Industry and Trade Tran Tuan Anh and ministry authorities at a meeting on preparation for EVFTA implementation

Minister Anh asked officials to complete the relevant legal procedures between now and the National Assembly’s upcoming session scheduled for May and June, as well as coordinating the agreement’s contents with EU agencies and building a bilateral mechanism for the supervision and implementation of the agreement.

He stressed the importance of disseminating information about the deal’s requirements and Vietnam’s commitments to centrally-run and local authorities, businesses and localities via personnel training in the field.

The minister also asked that training courses be prepared to improve the capacity of authorities in ministries and localities, and called on relevant units to hold major events in Europe to attract businesses.

The minister also asked that information be made available on each EU export market, that a Vietnam-Europe trade data center be formed, that sci-tech content be included in the action program, and firms’ awareness of trade protection be raised.

“We have pledged to be an equal partner of the EU, so we must be serious in the realization of our commitments. Tasks to be done in the second half of 2020 are hard so both authorities and businesses must acknowledge opportunities and challenges associated with the EVFTA,” the minister said.

Minister Tran Tuan Anh said the government’s action plan needs to be efficient and the Ministry of Industry and Trade’s implementation needs to be practical.

According to Luong Hoang Thai, Director of the Ministry of Industry and Trade’s Multilateral Trade Policy Department, based on the government’s draft action program, the department has drafted the Ministry of Industry and Trade’s implementation plan, which divides the implementation of major tasks into two phases - 2020 and 2021-2025.

The EU-Vietnam trade agreement is the most ambitious and comprehensive that the organization has ever concluded with a middle-income country. The EU is Vietnam’s second largest export market and the number one destination for many of Vietnam’s key exports.

Quynh Anh