In focus

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.