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Trade

EU-Vietnam Trade Agreement and Investment Protection Agreement

Country or region
Vietnam
Trade topics
Negotiations and agreements

The European Union and Vietnam signed a Trade Agreement and an Investment Protection Agreement on 30 June 2019.

Once in force, the agreements will provide opportunities to increase trade and support jobs and growth on both sides, through

  • Eliminating 99% of all tariffs
  • Reducing regulatory barriers and overlapping red tape
  • Ensuring protection of geographical indications
  • Opening up services and public procurement markets
  • Making sure the agreed rules are enforceable

Following the signatures, the agreements will be presented on the Vietnamese side to the National Assembly for ratification and on the EU side to the European Parliament for its consent, as well as to the respective national parliaments of EU Member States in the case of the Investment Protection Agreement.

About the agreement

EU-Vietnam in your town

More on Trade relations

EU trade relations with Vietnam.

Exporting from the EU, importing into the EU — all you need to know is on the Access2Markets portal

Latest news

  • Press release

EU-Vietnam trade agreement enters into force

EU exports to Vietnam will be taxed less as of tomorrow, 1 August. This is the immediate effect of the entry into force of the EU-Vietnam trade agreement that will ultimately scrap duties on 99% of all goods traded between the two sides.