Announced the end of negotiations for the FTA Vietnam-EUAccording to the announcement from the European Union's Office in Hanoi, and meet the press session will be chaired by the Minister of industry and trade vu Huy Hoang and Ambassador to Vietnam-EU delegation Chief, Dr. Franz Jessen.The ceremony was held after the publication of the telephone of the leaders of Vietnam and the EU Trade Commissioner last week.The commitment in the Vietnam-EU FTA covering a range of areas such as trade in goods, trade in services, investment, intellectual property, competition, State enterprise.According to the research of the project of multilateral trade assistance (Mutrap), Vietnam-EU FTA will bring sustainable benefits for both parties, in which the interests of Vietnam is better.Only the tariff reductions will increase Vietnam's export to the EU of up to about 30% to 40%, higher than the increase of exports in case of no agreement. The industry is likely to benefit the most from the FTA include textiles, footwear, food processing. Service areas according to the expectations also expanded dramatically thanks to the FTA, and can increase the performance for the entire economy.
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