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Vietnam Today

FTA talks remain in progress

Released at: 07:19, 09/04/2015

FTA talks remain in progress

Hope remains strong that an agreement can be struck that would have positive ramifications for everyone involved.

by Hung Nguyen

The chairman of the Committee of International Trade, Mr. Bernd Lange, met with Mr. Vuong Dinh Hue, Head of the Central Economic Committee, to discuss a Free Trade Agreement between Vietnam and the European Union on the afternoon of April 7.

"I believe Vietnam is soon to have a positive reform agenda in the economy to conclude negotiations for a successful FTA between Vietnam and the EU, a comprehensive agreement bringing benefits for both sides,” said Mr Lange.

Mr Bernd added that the European Parliament will take notice of requests by Vietnam which include  recognizing it as having full market economy status and completing ratification of the EU Partnership and Cooperation Agreement (PCA) with Vietnam.

Mr Hue confirmed that Vietnam always sets the highest priority for negotiations with the EU and that an agreement would bring real benefits for businesses and citizens of all parties.

In October 2010, Vietnam and the European Commission announced a start to negotiations for a FTA after the completion of all preparatory work. So far, Vietnam and the EU have completed 12 official negotiations and a mid-term session.  The most recent round of talks were held from March 23-27 in Hanoi.

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