Vietnam, EU Plan to Ratify Trade Agreement by End of 2019, Report Says
The European Union and Vietnam plan to ratify the EU-Vietnam Free Trade Agreement by the end of 2019, according to a report from Vietnam's CustomsNews website, citing HSBC. The EU has scheduled trade discussions for May 28, the notice said.…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The agreement will increase trade and eliminate “virtually all tariffs on goods,” according to an announcement when several of the pact's agreements were adopted by European Commission in 2018. Vietnam will remove 65 percent of import duties on EU exports “with the remainder of duties being gradually eliminated over a 10-year period,” the EU said.