FTA with Asian Economic Union - European: large door opened
after years of negotiations, the last date of 29-5, the Free Trade Agreement (FTA) between Vietnam and the Union Economy Asia - Europe (including Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan) were signed. Vietnam became the first country outside the Commonwealth of Independent States (CIS) have FTA, opens up great opportunities for export of goods.
90% of tariff lines to be cut to 0%
Like bilateral and multilateral FTA with many other partners, the FTA between Vietnam (VN) and Asian Economic Union - European (Union) interested mainly to 8 main areas of trade in goods; service; investment and movement of natural persons; rules of origin; government procurement; trade defense; customs cooperation and trade facilitation goods; intellectual property and regulatory issues and institutions. Importantly, with this FTA, portfolio structure of two regional products will complement and promote exports and imports, less exclusion as the FTA in ASEAN or ASEAN + area ...
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