Minister of Industry and Trade Tran Tuan Anh (second from right) at the press conference (Photo: VNA) Hanoi (VNA) – The governmentwill create favourable conditions for businesses to access opportunitiescreated by the EU-Vietnam FTA, Minister of Industry and Trade Tran Tuan Anhsaid at a press conference after the signing of the EVFTA.
The minister co-chaired the internationalpress conference with European Commissioner for Trade Cecilia Malmstrom afterthe signing ceremony for the EVFTA and the EU-Vietnam Investment ProtectionAgreement (EVIPA) on June 30.
He urged domestic businesses toproactively study the content of the agreements and the Government’s plan ofaction to implement the deals.
The minister said once the EVFTAtakes effect, it will create a strong impetus for growth in exports and GDP ofthe sides. He forecast that bilateral trade could surge by 20 percent right inthe first years after the deal comes into force.
The agreement will also create animportant foundation for Vietnam to restructure its economy, enhancecompetitiveness and deliver its integration commitments.
He added that besides the EVFTA,the CPTPP that took effect in Vietnam in January this year and other agreementsto be signed in the future will also bring more benefits to Vietnam.
The European Commissioner forTrade said in order for businesses to optimize opportunities brought by theEVFTA, it is important to reduce bureaucracy and support small and medium-sizedenterprises.-VNA
The minister co-chaired the internationalpress conference with European Commissioner for Trade Cecilia Malmstrom afterthe signing ceremony for the EVFTA and the EU-Vietnam Investment ProtectionAgreement (EVIPA) on June 30.
He urged domestic businesses toproactively study the content of the agreements and the Government’s plan ofaction to implement the deals.
The minister said once the EVFTAtakes effect, it will create a strong impetus for growth in exports and GDP ofthe sides. He forecast that bilateral trade could surge by 20 percent right inthe first years after the deal comes into force.
The agreement will also create animportant foundation for Vietnam to restructure its economy, enhancecompetitiveness and deliver its integration commitments.
He added that besides the EVFTA,the CPTPP that took effect in Vietnam in January this year and other agreementsto be signed in the future will also bring more benefits to Vietnam.
The European Commissioner forTrade said in order for businesses to optimize opportunities brought by theEVFTA, it is important to reduce bureaucracy and support small and medium-sizedenterprises.-VNA
VNA
