Ministry implements procedures for EVFTA ratification

Update: 17:42 | 02/04/2020
The Ministry of Industry and Trade has been coordinating with relevant ministries and departments to complete all necessary procedures for the ratification of the EU-Vietnam Free Trade Agreement (EVFTA).
TIN LIÊN QUAN
ministry implements procedures for evfta ratification European Council passes final procedure for EVFTA
ministry implements procedures for evfta ratification EVFTA – important solution to achieve growth targets: Minister

According to the ministry, the European Council on March 30 passed a decision to ratify the EVFTA, which was approved by the European Parliament on February 12.

ministry implements procedures for evfta ratification
Once ratified by the Vietnamese National Assembly in May this year, the EVFTA will officially take effect.
This decision is the final legal step under the EU’s internal approval procedure, which is expected to pave way for the deal to come into force, the ministry said.

Once ratified by the Vietnamese National Assembly in May this year, the deal will officially take effect, it added.

Under the agreement, Vietnam will cut 65 percent of import tax on EU commodities right after the deal takes effect, while the rest will be erased over a 10-year period. Meanwhile, the EU will cut more than 70 percent of tariffs on Vietnam's commodities right after the deal takes effect, while the rest will be abolished in the seven subsequent years.

ministry implements procedures for evfta ratification 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 ...

ministry implements procedures for evfta ratification Vietnam’s wood exports to EU likely to reach 1 billion USD thanks to EVFTA

Vietnam’s wood exports to the European Union (EU) is likely to reach 1 billion USD after the recently ratified EU-Vietnam Free Trade Agreement (EVFTA) takes ...

ministry implements procedures for evfta ratification EuroCham: Understanding the market to unlock EVFTA

Sharing with The World and Vietnam Report, President of the European Business Association in Vietnam (EuroCham) Nicolas Audier affirmed that, if businesses of Vietnam and ...

(Source: VNA)