EU-Vietnam FTA needs to balance interests: Deputy PM

The EU-Vietnam Free Trade Agreement (EVFTA) needs to balance both sides’ interests and respects the articles that they have agreed on, Deputy Prime Minister Vuong Dinh Hue told Ambassador Bruno Angelet, head of the EU Delegation to Vietnam.
EU-Vietnam FTA needs to balance interests: Deputy PM ảnh 1Deputy Prime Minister Vuong Dinh Hue (R) meets with Ambassador Bruno Angelet, head of the EU Delegation to Vietnam, on November 21 (Photo: VNA)

Hanoi (VNA) – The EU-Vietnam Free TradeAgreement (EVFTA) needs to balance both sides’ interests and respects thearticles that they have agreed on, Deputy Prime Minister Vuong Dinh Hue toldAmbassador Bruno Angelet, head of the EU Delegation to Vietnam.

At a working session in Hanoi on November 21,Hue affirmed that the EVFTA is important to both Vietnam and the EU, asking thetwo sides to coordinate to speed up the signing and ratification of the tradepact in the first half of 2018.

The revision of economic cooperation contentsshould only relate to issues about the EU-Vietnam Framework Agreementon Comprehensive Partnership and Cooperation (PCA), other fields suchas human rights should not be added, he noted.

He emphasised Vietnam’s policy of coordinatingwith the international community to better protect human rights on the basis ofrespect to historical and cultural differences and straightforward dialogue tonarrow differences.

The Deputy PM also expressed his regret at theEU’s issuance of a “yellow card” which warns Vietnam for illegal, unreportedand unregulated (IUU) fishing. He noted that this issuance resulted in a morecomplicated environment amid the two sides’ enhancement of trade and investmentcooperation.

Vietnam appreciates the EU’s warning, which aimsto help the country tackle IUU fishing, he said, adding that its agencies havebeen taking synchronous solutions to solve, prevent and minimise IUU fishing.

Hue voiced his hope that the EU will soon removethe “yellow card” so as not to worry Vietnamese fishermen or affect the EVFTAsigning.

Ambassador Angelet said the EU will work closelywith Vietnam to carry out necessary solutions in order to soon remove the“yellow card” for Vietnam’s fishery products.

He also highly valued the VietnameseGovernment’s activeness in directing ministries and sectors under theVietnam-EU Joint Committee to take necessary steps to implement the EVFTA in2018.

The PCA is important to accelerating the EVFTAsigning and ratification, he noted, adding that to implement the PCA, aVietnam-EU human rights dialogue will be held next week, and this dialogue willhelp deepen mutual understanding and strengthen bilateral relations in the timeahead.-VNA
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.