Vietnam ratified a free trade agreement with the European Union on Monday (8 June) that will cut or eliminate 99% of tariffs on goods traded between the Southeast Asian country and the bloc, and provide Vietnam with a much-needed post pandemic boost.
The European Parliament is set to approve on Wednesday (12 February) a trade agreement with Vietnam, despite some MEPs and NGOs called for postponing their consent until the human rights situation improves in the country.
The European Union and Vietnam on Sunday (30 June) signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels.
As Brussels relies on bilateral talks to increase trade relations with the ASEAN group, it is getting closer to concluding two free trade agreements with Vietnam. But the European Parliament could yet prove to be a significant obstacle. EURACTIV Germany reports.
Some argue that we should tread carefully and refrain from asking too much in terms of human rights from the Vietnamese, because if we do so we could end up pushing Vietnam into China’s orbit. But this doesn’t hold, writes Jude Kirton-Darling.
The EU's Trade Commissioner Cecilia Malmström said on Wednesday (17 October) that the "ambitious" trade deal made with Vietnam could “pave the way” for an agreement with the Association of South East Asian Nations (ASEAN), despite scepticism on the other side.
The European Union and the Association of Southeast Asian Nations (ASEAN) said today (10 March) the two blocs would try to revive plans for a trade deal, as European countries look to tap the region's strong growth.
A decision regarding the European Union’s trade deal with Singapore could have far-reaching implications for future agreements, after the EU’s top lawyer said the European Commission could not finalise the deal without member state approval.
The EU Ombudsman criticised the Commission this month for failing to provide an audit of how its Free Trade Agreement with Vietnam would affect human rights before signing off the deal. Ruth Kelly, explains how it will trap Vietnam in a low-profit-low-wage cycle.
A new legal world is emerging around the EU’s trade policy. Scrutiny over the compatibility of trade agreements with human rights is increasing under recent EU Ombudsman and Court of Justice moves regarding the new trade agreement with Vietnam, and a 2012 agriculture agreement with Morocco.