EVFTA to come into effect in a month

FTAVNS Update: July, 01/2020 – 16:31

A frog meat processing line exported to the EU at Tân Thành Lợi Co., Ltd., in the southern province of Long An. — VNA/VNS Photo

HÀ NỘI — The free trade agreement between the European Union and Việt Nam, known as the EVFTA, which was signed on June 30 last year, will enter into force on August 1.

The announcement was made by the European Commission in a notice published on Tuesday.

The EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period.

For Việt Nam’s exports to the EU, the EVFTA will also eliminate 71 per cent of export duties from August 1, and the rest will be eliminated over a seven-year period. Tiếp tục đọc “EVFTA to come into effect in a month”

EU-Vietnam FTA: India’s labour-intensive export sectors to feel the heat, China may gain

By: | Financial Express  Published: June 29, 2020

Beijing to ramp up investments in SE Asian country, to overcome barriers to its direct trade with EU

The EU, India’s second-largest export destination, accounted for about 17% of the country’s total outbound shipment.

The EU, India’s second-largest export destination, accounted for about 17% of the country’s total outbound shipment. (Representative image)

Pandemic-hit Indian exporters, especially in labour-intensive sectors, are expecting their fortune to plummet further, as key competitor Vietnam has clinched a free trade agreement (FTA) with the EU.

The pact will raise competition between the Asian rivals for the lucrative EU market in a range of products such as garments, footwear, marine products, plastics, rubber, leather and coffee (See the chart). Importantly, Vietnam will get duty-free access to the EU for 71% of its goods from day one and 99% after seven years but Indian supplies will continue to attract up to 9.6% duty (the maximum, among the products from labour-intensive sectors, is on garments). Tiếp tục đọc “EU-Vietnam FTA: India’s labour-intensive export sectors to feel the heat, China may gain”

EU-Vietnam: Council gives final green light to free trade agreement

The Council today adopted a decision on the conclusion of a free trade agreement (FTA) between the EU and Vietnam. This decision clears the path, on the EU side, for the entry into force of the agreement.

Once the Vietnamese National Assembly also ratifies the FTA, the agreement can enter into force, most likely in early summer 2020.

This agreement is the second one we are concluding with a Southeast Asia country, after Singapore. It is also the most ambitious free trade agreement ever concluded with a developing country. We are opening up new trading opportunities, but we are also creating new tools to give impetus to the enforcement of basic freedoms and labour rights in Vietnam.
Tiếp tục đọc “EU-Vietnam: Council gives final green light to free trade agreement”

EU Parliament to approve EU-Vietnam trade deal despite human rights “concerns”

euractive.com

By Jorge Valero | EURACTIV.com 0:02

A worker operates at Garment 10 company in Hanoi, Vietnam, 07 February 2020. Vietnam’s textile and garment industry expects to achieve 42 billion USD in export in 2020 . [EPA-EFE/LUONG THAI LINH]

The European Parliament is set to approve on Wednesday (12 February) a trade agreement with Vietnam, despite some MEPs and NGOs seeking to postpone their consent until the human rights situation improves in the country.

The agreement, concluded after six years of negotiations, would be the most ambitious deal signed with a developing nation.

It will eliminate 99% of the tariffs over a seven-year period and will reduce other non-tariff barriers for cars wines and spirits. It will also protect Europe’s geographical indications  on products including Champagne, Rioja and Parmigiano.

“The deal will give a boost to the prosperity both of the EU and Vietnam, and represents a great opportunity for European exporters and investors”, said Parliament’s rapporteur, Belgian conservative Geert Bourgeois.

Vietnam is known for its textile and technology exports, especially smartphones. Samsung represents around 20% of the goods the country sends overseas.

Vietnam and EU sign ‘milestone’ free trade agreement

The European Union and Vietnam on Sunday (30 June) signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a “milestone” by Brussels.

But human rights organizations and some political groups were calling to postpone the approval until the country improves further its human rights and labour conditions.

During the debate held in the plenary of Tuesday, political groups including the EPP, Socialists, the liberal Renew Europe group and conservatives spoke in favour of giving their consent to their agreement, while the Identity and Democracy, the Greens and the Left-GUE were against.

Following the Parliament’s blessing, the agreement must be approved by the Council. The investment protection agreement must also be ratified by the 27 member states.
Tiếp tục đọc “EU Parliament to approve EU-Vietnam trade deal despite human rights “concerns””

Vụ Đồng Tâm: Nguy cơ Hiệp định Thương mại Tự do VN – EU sẽ biến thành khói

Đọc bài quan trọng Phân tích pháp lý về đất đai trong vu Đồng Tâm
Bộ Quốc Phòng và Công An có vi phạm Luật Hình Sự
trong vụ Đồng Tâm ngày 9/1/2020?

Chuỗi bài Đồng Tâm >>>

Hiệp định Thương mại Tự do EU – Việt Nam, sau rất nhiều năm thảo luận và thương lượng cực nhọc, đã được ký kết hồi tháng 6/2019, chỉ đang đợi Quốc hội EU chấp thuận và thông qua. Đây là hiệp định cực kì quan trọng cho phát triển kinh tế Việt Nam, vì nó sẽ từ từ xóa hết thuế quan cho 99% hàng hóa Việt Nam xuất khẩu vào mọi quốc gia ở Châu Âu. Đồng thời nó được EU xem là bước thử nghiệm đầu tiên để EU có thể có nhiều hiệp định sau đó với cả khối ASEAN (và VN đang là chủ tịch ASEAN lúc này). Tiếp tục đọc “Vụ Đồng Tâm: Nguy cơ Hiệp định Thương mại Tự do VN – EU sẽ biến thành khói”

EU-VIETNAM FREE TRADE AGREEMENT (EVFTA)

europa.eu

Position of the European Parliament…recommending that the European Parliament only consent to the agreements if Vietnam releases its political prisoners and takes further steps to improve the human rights situation.

Background and state of play

The EU hopes that its free trade agreement (FTA) and investment protection agreement (IPA) with Vietnam will boost trade and investment; the agreements are also an important stepping stone to the EU’s longer-term goal of a region-to-region EU-Southeast Asia trade deal. Vietnam, a fast-growing and competitive economy whose bilateral trade with the EU has quintupled over the past ten years, is equally keen on the deal, which could potentially bring €15 billion a year of additional exports to the EU by 2035. Tiếp tục đọc “EU-VIETNAM FREE TRADE AGREEMENT (EVFTA)”

Chính thức ký kết Hiệp định EVFTA và IPA

Xem EVFTA và EVIPA >>

01/07/2019 trungtamwto.vn

Ngày 30/6, Hiệp định Thương mại tự do và Hiệp định Bảo hộ đầu tư giữa Việt Nam – EU (EVFTA và IPA) chính thức được ký kết tại Hà Nội sau hành trình 9 năm đàm phán. Đây được coi là sự kiện đi vào lịch sử của mối quan hệ giữa Việt Nam và EU và mở ra những lợi ích chưa từng có cho các công ty, người tiêu dùng và người lao động ở châu Âu và Việt Nam.

Để đi đến được ký kết hiệp định lần này, Việt Nam đã phải trải qua tiến trình rất dài, được đồng ý khởi động đàm phán từ năm 2010 và các bên chính thức đàm phán nhiều cấp, nhiều vòng từ năm 2012 cho đến nay. Tiếp tục đọc “Chính thức ký kết Hiệp định EVFTA và IPA”