Businesses seek to optimise opportunities from EVFTA amid COVID-19

Close to 150 businesspeople active in agricultural products, food processing, paper making, functional foods, logistics, and banking came together at a seminar in Hanoi on June 17 to seek opportunities from the EU-Vietnam Free Trade Agreement (EVFTA) amid the COVID-19 pandemic.
Businesses seek to optimise opportunities from EVFTA amid COVID-19 ảnh 1Participants at the workshop (Source: enternews.vn)

Hanoi (VNA) -
Close to 150 businesspeople active in agriculturalproducts, food processing, paper making, functional foods, logistics, andbanking came together at a seminar in Hanoi on June 17 to seek opportunitiesfrom the EU-Vietnam Free Trade Agreement (EVFTA) amid the COVID-19 pandemic.

Legal consultants were also on hand to provide support regarding laws oninternational trade.

Hoang Quang Phong, Vice Chairman of the Vietnam Chamber of Commerce andIndustry (VCCI), said the pandemic has affected every region of the world and manycountries have suffered heavy human and economic losses.

Vietnam, however, has curbed the spread of the virus and begun torecover its economy in the “new normal” conditions, he said.

The EVFTA will take effect from August 1 this year and is expected topave the way for businesses to make inroads into fastidious markets with hugepotential in the European bloc, he added.

Tran Huu Huynh, Chairman of the Vietnam International Arbitration Centre(VIAC), suggested businesses study market practices to avoid legal risks whenconducting international trade.

Jean Jacques Bouflet from the European Chamber of Commerce in Vietnam(EuroCham) updated those at the seminar on the COVID-19 situation in Europe aswell as trade policies being implemented to support global trade, especially inestablishing new consumption and supply chains./.
VNA

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