Home / Knowledge / News / Apparel/Garments / EU hopes to sign FTA with Vietnam by late 2014
EU hopes to sign FTA with Vietnam by late 2014
25
Nov '13
Mr. Tajani (L) & Mr. Dung (R)/VGP/Nhat Bac
Mr. Tajani (L) & Mr. Dung (R)/VGP/Nhat Bac
The European Union (EU) is hoping to sign a free trade agreement (FTA) with Vietnam as early as by late 2014, European Commission (EC) Vice President Antonio Tajani has said, according to a statement from the Vietnam’s Embassy in Belgium.
 
Mr. Tajani said this during his meeting with Vietnamese Prime Minister Nguyen Tan Dung in Ha Noi earlier this month, the statement said.
 
Mr. Dung said he was delighted at the developments in the bilateral ties between the EU and Vietnam, as the two-way trade progressed rapidly, reaching over US$ 29 billion in 2012 and is expected to register a 15 percent rise in 2013.  The EU is also one of the largest investors in Vietnam with total registered capital of US$ 32 billion, he added.
 
“Vietnam hopes to shake hands with the EU in all aspects, particularly economics, trade, investment, tourism and ODA,” said PM Dung.
 
Mr. Dung sought the EC’s assistance for the early signing of the Partnership and Cooperation Agreement (PCA) and the Free Trade Agreement (FTA) in 2014, which are expected to create a crucial legal framework and provide favourable conditions for businesses to penetrate into respective markets and beef up economic, trade, and investment linkages. 
 
The fifth round of negotiations for an EU-Vietnam FTA, which concluded in Hanoi at the beginning of this month, saw negotiators discussing texts covering all the chapters of the proposed FTA, according to a press release from the EC.
 
The aim of the negotiations is to achieve an ambitious agreement on goods, services and investment, eliminating tariffs and non-tariff barriers and covering other trade-related issues, such as public procurement, regulatory issues, competition, and trade and sustainable development. Once in place, the agreement will boost EU-Vietnam trade and investment ties and provide for more business opportunities on both sides.
 
The next round of negotiations for EU-Vietnam FTA is scheduled to be held in Brussels in January 2014.
 
Vietnam is the third ASEAN country to hold FTA negotiations with the EU after Singapore and Malaysia, and followed by Thailand.
 
Textiles and clothing are among Vietnam’s key exports to the EU.
 

Fibre2fashion News Desk - India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search