European Institute for Asian Studies
The Future of the EU-Vietnam FTA
  • Start05:00 PM - Sep 18 2018
  • End07:00 PM - Sep 18 2018
  • Asia Platform, Rue de la Loi 26, 10th floor, 1040 Brussels
  • 02 230 81 22
  • eias@eias.org

 

»The Future of the EU-Vietnam FTA«

Panel Discussion Featuring

H.E. Mr Tran Quôc Khanh, Deputy Minister of Trade and Industry of Vietnam and Negotiator of EVFTA

Representative, DG Trade, European Commission, (tbc)

Mr. Luong Hoang Thai,  Director General of the Multilateral Trade Policy Department, under the Ministry of Trade and Industry of Vietnam

Dr. Oliver Massmann, International lawyer, Duanes MorrisVietnam LLC.

Moderator: Prof Olivier Arifon, Senior Associate, European Institute for Asian Studies

Word of Welcome: Mr Axel Goethals, CEO, European Institute for Asian Studies

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

Tuesday, 18 September 17h00 – 19h00, Followed by a Networking Reception

Venue: European Institute for Asian Studies (EIAS)

Rue de la Loi 26, 10th Floor, 1040 Brussels

*Organised in cooperation with BuKiTa Vietnam and Asie Pacifique Média France

The EU-Vietnam Free Trade Agreement (EVFTA), which is expected to be ratified in 2018 or early 2019, is often considered the most ambitious and innovative agreement the EU has with a developing country. The European Court of Justice has ruled that some aspects of the FTA are « mixed competences », which implies that the 28 Member States, in addition to the EU, must ratify the agreement. As the agreement contains ambitious provisions in a number of areas, including sustainability, it is encouraging for Vietnam’s future development and economic reform process. When implemented, it should eliminate more than 99 percent of tariffs on goods, reduce other (non-tariff) technical barriers to trade and open up Vietnamese services markets to EU businesses. The figures indicate that Vietnam’s GDP could increase by around 15 percent, Vietnamese exports to Europe increasing by one third. The sectors most likely to benefit from the opening of their respective markets are clothing, textiles, footwear, agricultural products, machinery, equipment and automobiles.

The EU-Vietnam Free Trade Agreement is expected to provide more business and investment opportunities for businesses on both sides, while putting in place innovative investment protection mechanisms. In particular, it will provide the necessary conditions for SMEs, engines of innovation and growth, to reach and invest more easily in Vietnam thanks to their expertise in advanced, intelligent and environmentally friendly solutions and technologies.

The purpose of this seminar is to provide some information to European opinion, institutional, individual, media, on the mutual interest of adoption such an agreement that will benefit everyone, both for EU and Vietnam economy and for the institutional and structural reforms in Vietnam. 

The purpose of this seminar is to provide some information to European opinion, institutional, individual, media, on the mutual interest of adoption such an agreement that will benefit everyone, both for EU and Vietnam economy and for the institutional and structural reforms in Vietnam. This symposium will be oriented on economic, financial and political issues and benefits of the EVFTA for both sides.


The purpose of this seminar is to provide some information to European opinion, institutional, individual, media, on the mutual interest of adoption such an agreement that will benefit everyone, both for EU and Vietnam economy and for the institutional and structural reforms in Vietnam. This symposium will be oriented on economic, financial and political issues and benefits of the EVFTA for both sides.



European Institute for Asian Studies

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