- Country or region
- 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.
EU-Vietnam in your town
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.
The European Commission welcomes today’s decision by the European Parliament to approve the EU-Vietnam trade and investment agreements.
EU-Viet Nam free trade agreement - Joint press statement by Commissioner Malmström and Minister Tran Tuan Anh
Joint press statement by EU Trade Commissioner Cecilia Malmström and Minister of Industry and Trade Tran Tuan Anh on the occasion of the signing of the Free Trade Agreement and the Investment Protection Agreement between Viet Nam and the EU