Vietnam, EU push for FTA signing

11:01 | 09/04/2015 Cooperation

Vietnam and the European Union (EU) have maximized efforts to accelerate the signing of the EU-Vietnam Free Trade Agreement (EVFTA) by mid-2015.

Vietnam, EU push for FTA signing

The Chairman of the European Parliament’s International Trade Committee, Bernd Lange made the statement at an April 8 press conference in Hanoi following the EU-Vietnam FTA negotiations.

Lange said the two sides have agreed on several major issues and voiced clear commitments and a road map that Vietnam had put forward during the negotiations.

If the agreement is concluded, the footwear and textile sector will certainly benefit Vietnam. The agriculture sector will also boost Vietnamese exports. On the EU side, machinery, scooters, and cars will be the major export products. Investment still remains the key issue, and will benefit both Vietnam and the EU. Climate change issues will soon be resolved after the agreement, he said.

He also expressed his hope that Vietnam and the EU will soon finalize the FTA negotiations thus stabilizing the ties between Vietnam and EU member countries.

Source VOV News