Vietnam, European Union sign free trade agreement
Vietnam and the European Union signed a free trade agreement on Sunday, opening opportunities to further boost trade between the euro bloc and one of Southeast Asia’s biggest manufacturing nations.
The agreement will eliminate almost all tariffs for goods traded between Vietnam and the EU’s 28 member countries.
Vietnam, with a population of 95 million, is one of the world’s fastest-growing economies, and the agreement is expected to accelerate greater trade volume and create vast opportunities for businesses and consumers on both sides.
Major exports from Vietnam to the EU include phones, footwear, farm products, textiles and garments. Vietnam imports from EU nations high-tech machinery and equipment, aircraft, vehicles and pharmaceutical products.
Vietnam is the EU’s second-largest trading partner in Southeast Asia, with trade turnover of $56 billion last year, according to the national general statistics office.
The agreement gives EU companies equal treatment with domestic bidders in competing for public contracts in Vietnam. It also commits Vietnam to standards for sustainable development, including improving its human rights record, protecting labor rights and upholding its pledges to deal with climate change issues under the Paris accord.
https://www.apnews.com/9f0ad129bd494b51abb4570174e3e224
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Looks like the EU can get a good fair trade deal with Vietnam; why can't Trumpy?
He's the master negitiator, after all.
