Illustrative image (Photo: VNA) Rome (VNA) – The European Parliament’s approval of the EU-Vietnam FreeTrade Agreement (EVFTA) marks the start of a new era with significance meaningin the trade ties between Vietnam and EU members, according to an Italianexpert on Vietnam.
Director of the Centre for Vietnam Studiesin Turin of Italy Sandra Scagliotti wrote in an article that the EVFTAalong with the EU-Vietnam Investment Protection Agreement (EVITA) opens up anew period in the development of both Vietnam and the EU.
She said the advantages broughtby the two agreements are tremendous for EU investors. For Italian businesses,the EVFTA can be considered a mutually beneficial deal, creating big positiveeffects ontheir long-term business and investment plans.
Sharing Sandra Scagliotti’sassessment, Chairman of the Italy-Vietnam Chamber of Commerce FulvioAlbano affirmed that the bilateral Italy-Vietnam relationship has continuouslydeveloped in recent years. In such a context, the EVFTA gives EU businesses ingeneral and Italian ones in particular optimal competitive edges through theelimination of up to 99 percent of tax lines in some industries such asalcohol, automobile, machinery, leather goods and furniture.
He stressed that in order to makethe best use of opportunities brought about by the EVFTA, Italian businessesshould quickly enter the Vietnamese market.
In her article on the MekongOnline bulletin, Violetta Borsi, an expert of the Institute for VietnameseStudies of Italy, described the approval of the EVFTA as a decisive step inestablishing and implementing a trade deal said to be the most progressive,modern and ambitious between the EU and a middle-income country.
The expert said the EVFTA can beconsidered a model for more trade deals in the future between the EU and developingcountries. She added that through the EVFTA voting result (401 votes for, 192against and 40 abstentions), EP members sent a strong message on their supportof free, fair and reciprocal trade in a period when trade tension andprotectionism are on the rise.
Many opinions also said besidestrade, the EVFTA also contributes to promoting environmental protection andsustainable development, and at the same time helps enhance the bilateralVietnam-Italy ties./.
Director of the Centre for Vietnam Studiesin Turin of Italy Sandra Scagliotti wrote in an article that the EVFTAalong with the EU-Vietnam Investment Protection Agreement (EVITA) opens up anew period in the development of both Vietnam and the EU.
She said the advantages broughtby the two agreements are tremendous for EU investors. For Italian businesses,the EVFTA can be considered a mutually beneficial deal, creating big positiveeffects ontheir long-term business and investment plans.
Sharing Sandra Scagliotti’sassessment, Chairman of the Italy-Vietnam Chamber of Commerce FulvioAlbano affirmed that the bilateral Italy-Vietnam relationship has continuouslydeveloped in recent years. In such a context, the EVFTA gives EU businesses ingeneral and Italian ones in particular optimal competitive edges through theelimination of up to 99 percent of tax lines in some industries such asalcohol, automobile, machinery, leather goods and furniture.
He stressed that in order to makethe best use of opportunities brought about by the EVFTA, Italian businessesshould quickly enter the Vietnamese market.
In her article on the MekongOnline bulletin, Violetta Borsi, an expert of the Institute for VietnameseStudies of Italy, described the approval of the EVFTA as a decisive step inestablishing and implementing a trade deal said to be the most progressive,modern and ambitious between the EU and a middle-income country.
The expert said the EVFTA can beconsidered a model for more trade deals in the future between the EU and developingcountries. She added that through the EVFTA voting result (401 votes for, 192against and 40 abstentions), EP members sent a strong message on their supportof free, fair and reciprocal trade in a period when trade tension andprotectionism are on the rise.
Many opinions also said besidestrade, the EVFTA also contributes to promoting environmental protection andsustainable development, and at the same time helps enhance the bilateralVietnam-Italy ties./.
VNA
