EVFTA to create opportunity for Vietnamese, Belgian businesses

(VOVWORLD) - The EVFTA is the most comprehensive and ambitious agreement ever signed between the EU and a developing country, said Vietnamese Ambassador to Belgium Vu Quang Anh at an online conference on Monday. 

Anh said it will create strong momentum for trade relations. He expressed his hope that Vietnam and Belgium will expand trade and investment ties in smart agriculture, food safety, environmental technology, and logistics. Vietnam is capable of facilitating Belgian export and investment activities in shipping, digital technology, and rail and sea transport networks.

Axelle Nicaise, Deputy Head of the EU Delegation to Vietnam, highlighted advantages of the EVFTA, saying that the agreement opens up opportunities for European businesses to compete fairly with other countries that have signed FTAs with Vietnam.

Vietnam’s commitments to sustainable development will be realized when the agreement takes effect, creating an increasingly favorable business environment, she said, adding that thanks to the EVFTA, EU firms are likely to relocate their production lines from other countries to Vietnam, generating more jobs for Vietnamese workers.