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Vietnam | Brussels

EU and Vietnam make good progress on FTA talks

On 27 June, the EU and Vietnam completed the eighth round of talks for a Free Trade Agreement (FTA). EU Trade Commissioner Karel De Gucht and Vietnamese Trade Minister Vu Huy Hoang both welcomed the efforts made to find common ground on all outstanding issues and said they wanted to conclude the negotiations swiftly.

The Brussels-based negotiations were led by Mauro Petriccione, for the European Commission’s Directorate General for Trade, and his Vietnamese counterpart Tran Quoc Khanh, Vice Minister for Industry and Trade. They held intense discussions on market access for goods, services, and government procurement and exchanged opening bids setting out how far their respective sides would be prepared to allow investments from the other.

During the week-long talks, negotiators made good headway on all areas under discussion. The teams made significant progress on the basic negotiations on trade and sustainable development; trade in goods; animal and plant health and hygiene; anti-fraud; and trade defence (such as anti-dumping measures).
The next round of talks will be held before the end of September with smaller meetings being held during the summer.

Once in place, the agreement will further enhance EU-Vietnam trade and investment ties and provide for more business opportunities on both sides.

More information on trade relations with Vietnam