EU completes procedures for EVFTA to take effect: Official

TIN LIÊN QUAN
	National Assembly to ratify EVFTA at upcoming session
	Ministry implements procedures for EVFTA ratification

Minister of Industry and Trade Tran Tuan Anh. (Photo: VNA)

On the agreement, the EU official said the European Council on March 30 passed the EVFTA and by so doing, the EU officially completed its internal procedures for the deal to take effect.

Minister Anh said the dossiers for the ratification of the deal have been submitted by the government to the state President to consider submitting it to the National Assembly for discussion and ratification right in its session in May. With this pace, both sides hope the EVFTA will officially take effect in July.

The minister further added that the Vietnamese government has drafted a plan on the implementation of the deal. After the ratification of the agreement by the National Assembly, the draft plan will be amended and perfected so that the Prime Minister can officially sign it for circulation.

The two also exchanged views on bilateral trade and cooperation within the framework of the World Trade Organisation (WTO).

They agreed to exert further efforts to boost trade in the context of the complicated development of the COVID-19. On the cooperation within the framework of the WTO, the two sides agreed to closely coordinate with each other to boost ideas on the reforms of the WTO, especially the improvement of the efficiency of the mechanism on dispute settlement which is a focus of attention of all the WTO members.

Vietnam boasts opportunities to expand exports to Sweden It is forecast that Vietnam will have great opportunities to export more types of products to Sweden when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.

EVFTA – important solution to achieve growth targets: Minister The EU-Vietnam Free Trade Agreement (EVFTA) is a new stride in the country’s integration process and also an important solution to achieve growth targets of ...

Banking sector to cash in on benefits from EVFTA The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and ...