UK-Vietnam Free Trade Agreement officially takes effect from May
(VOVWORLD) - Deputy Minister of Foreign Affairs To Anh Dung and UK Ambassador to Vietnam Gareth Ward have exchanged the official notes of the UK-Vietnam Free Trade Agreement, confirming May 1, 2021, as the effective date of the agreement.
 Deputy Minister of Foreign Affairs To Anh Dung and UK Ambassador to Vietnam Gareth Ward (Photo: Ministry of Foreign Affairs) |
At a ceremony in Hanoi on Friday, Deputy Foreign Minister Dung and Ambassador Ward acknowledged and appreciated the efforts of the two nations' agencies, ministries and sectors in accelerating the early completion of relevant procedures for ratification of the trade pact.
This agreement will help Vietnam maintain preferential trade conditions and economic benefits through market-opening commitments already included in the EU-Vietnam FTA (EVFTA).
The UKVFTA was officially signed in London late last year and was applied temporarily from January 1, 2021, to maintain uninterrupted bilateral trade between Vietnam and the UK.