Draft proposal for signing Vietnam–EFTA free trade agreement completed

The Vietnamese Ministry of Industry Trade has completed a draft submission on signing a free trade agreement (FTA) between Vietnam. The European Free Trade Association (EFTA), which comprises Switzerland, Norway, Iceland Liechtenstein. The dossier has been sent to the Ministry of Justice for appraisal.

The Vietnamese Ministry of Industry Trade has completed a draft submission on signing a free trade agreement (FTA) between Vietnam. For travelers, the practical note is how proposal signing fits into a realistic Vietnam day.

Planning a trip around proposal signing? V-International Business Consultancy Services can help shape a practical Vietnam itinerary.

Proposal Signing in Practice

Negotiations for the Vietnam–EFTA FTA, known as VEFTA, began in 2012. After more than 14 years and 21 official negotiating rounds, the two sides have concluded negotiations on the agreement’s full content. The Ministry of Industry and Trade has now finalized the draft submission for the Government to consider the signing of the deal. The proposed agreement covers trade in goods services, investment, rules of origin, technical barriers to trade.

How to Place Proposal Signing in Your Route

Key figures include 90%, 99.5%, 86%. These numbers show how proposal signing is unfolding in practice.

Useful reference points: 90%, 99.5%, 86%. Keep these in mind while you plan around proposal signing.

What to Expect on the Ground

Sanitary phytosanitary measures, trade facilitation, government procurement, intellectual property, competition, SMEs sustainable development. On tariffs, EFTA members have offered immediate liberalisation of more than 90% of tariff lines. Representing 99.5% of Vietnam’s exports to the bloc. EFTA also commits to eliminating tariffs immediately on all industrial products, including seafood.

For deeper insights, explore our related coverage: General Secretary and President To Lam proposes three pillars of cooperation with US enterprises and HCM City set to approve series of TOD plans in 2027.

Planning Notes

As a result, key Vietnamese exports such as textiles garments, footwear, seafood, computers, electronic products. Components, machinery equipment would receive immediate tariff elimination. EFTA also offers tariff reductions for several major Vietnamese agricultural products, including rice, honey. Fruit vegetables.

Nearby Ideas

Vietnam, meanwhile, has offered to eliminate tariffs on more than 86% of tariff lines. Equivalent to 99.9% of imports from EFTA, either immediately or through reduction schedules ranging from three to 15 years.

Conclusion

Proposal Signing is a useful stop when you want quiet roads and time to look around. Keep the day flexible, and leave space for weather and slow meals.

For more information, visit Vietnam Government Portal.

Source: https://en.vneconomy.vn/draft-proposal-for-signing-vietnamefta-free-trade-agreement-completed.htm