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Apr 09, 2015 / 15:29

European Parliament assesses readiness of Vietnam for FTA

The FTA talks between Vietnam and the European Union have been continuous process that requires efforts of both sides, Chairman of the European Parliament’s International Trade Committee Bernd Lange said at a press conference in Hanoi on April 8.

The European Parliament has assessed Vietnam’s level of readiness to sign a free trade agreement (FTA) with the European Union (EU), Chairman of the European Parliament’s International Trade Committee Bernd Lange told at a press conference in Hanoi on April 8. 
The FTA talks between Vietnam and the European Union is now in the final stage and will last through this June, he said. The 12th negotiation round, the latest one, concluded this March. 

 
 Vietnam is the 32nd largest trade partner of the EU with garment as the most competitive export item.
Vietnam is the 32nd largest trade partner of the EU with garment as the most competitive export item.
Vietnam and the EU started FTA talks in June 2012. EU has been the  second largest trade partner of Vietnam. 
Meanwhile, Vietnam is the 32nd largest trade partner of the bloc with garment as the most competitive export item. 
During the working visit to Vietnam from April 6-9, the European Parliament delegation will organise working session with Chairman of the HCM City People’s Committee and visit two factories, including an European automobile assembly line.