EU-Vietnam Free Trade Agreement and its benefits on enterprises
Saturday, September 05, 2015 - 15:56:30
(VOVworld)- On Friday, the National Economics University of Vietnam and the Solvay Brussels Management and Economics College organized a Business Forum themed “EU-Vietnam Free Trade Agreement and enterprise benefits”.
EU-Vietnam Free Trade Agreement and its benefits for enterprises
Professor Claudio Dordi, Chief Technical Advisor of the EU-MUTRAP Project in Vietnam, emphasized 5 aspects that Vietnamese exporters need to focus on while exporting to the European market. They include tariffs and administrative procedures, brand regulations and intellectual property rights, quality and safety regulations, logistics, and risk management. Once the EU-Vietnam Free Trade Agreement takes effect, the two sides will eliminate 65% of import duties and the remaining will be liberalized within 10 years after. The signing of EVFTA is expected to help Vietnam further integrate into the world economy.