European Institute for Asian Studies
The EU-Vietnam FTA: The Final Push
  • Start10:00 AM - Jun 20 2018
  • End12:00 PM - Jun 20 2018
  • European Parliament, Room Altiero Spinelli A5E-2
  • +32 2230 81 22
  • alberto.turkstra@eias.org

 

Programme

09:30-10:00

Registration and Refreshments

10:00-10:05

Word of Welcome

 

Mr Axel Goethals, CEO, European Institute for Asian Studies (EIAS)

10:05-10:15

Opening Remarks

 

Mr Jan Zahradil, Chairman, Friends of Vietnam, European Parliament; Standing Rapporteur of the EU-Vietnam FTA in the European Parliament

H.E. Mr Bruno Angelet, Head of the Delegation of the European Union to Vietnam (tbc)

10:15-10:25

Keynote Remarks

 

H.E. Mr Vu Anh Quang, Ambassador of Vietnam to the Kingdom of Belgium, the Grand Duchy of Luxembourg and the European Union

10:25-11:25

Panel Discussion

 

Mr Maurice Fermont, Adviser on International Trade, BusinessEurope

Mr Pierre Gröning, Director of Advocacy, Amfori

Mr Nicolas Audier, Co-Chair, European Chamber of Commerce of Vietnam

Mr Valere Vangeel, Member of the Economic Diplomacy Board, Vrije Universiteit Brussel (VUB); Senior Advisor, European Institute for Asian Studies (EIAS)

11:25-12:00

Q&A

The EU-Vietnam FTA: The Final Push

Expected to be ratified this year, the EU-Vietnam Free Trade Agreement (FTA) is often referred to as the most ambitious and innovative agreement the EU has concluded with a developing country. The European Court of Justice considered that certain aspects of the FTA are “mixed competences”, and this implies all 28 Member States in addition to the EU must ratify the agreement. As the agreement contains ambitious provisions in a number of areas, including on sustainability, it is encouraging for Vietnam’s future development and economic reform process. When enforced, it is expected to eliminate over 99 percent of customs duties on goods, reduce other technical (non-tariff) barriers to trade and open Vietnamese services markets to EU companies. Figures indicate that Vietnam’s GDP could be boosted by approximately 15 percent, with Vietnamese exports to Europe growing by a third. The sectors most likely to benefit from the opening of each other’s markets include garments, textiles, footwear, agricultural products, machinery, equipment and automobiles.

The EU-Vietnam FTA is set to bring more business and investment opportunities to companies from both sides, while also establishing innovative investment protection mechanisms. It will particularly provide the necessary conditions conducive for SMEs – the drivers of innovation and growth – to more easily reach and invest in Vietnam with their expertise in cutting edge, smart and environmentally sustainable solutions and technology. For the EU, this bilateral FTA is a building block towards an eventual region-to-region FTA with ASEAN in the future. 


The EU-Vietnam FTA is set to bring more business and investment opportunities to companies from both sides, while also establishing innovative investment protection mechanisms. It will particularly provide the necessary conditions conducive for SMEs to more easily reach and invest in Vietnam with their cutting edge technical know how.

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