EU Vietnam Free Trade Agreement Prospects Whitebook released

The European Chamber of Commerce and the Vietnam Chamber of Commerce and Industry have jointly hosted the EU-Vietnam Economic Cooperation Conference "Eurocham Whitebook 2017 Launch and EU-Vietnam FTA Outlook".

The 9th version of the Whitebook gives update information about Vietnam's economic prospects, legal environment and business climate. VCCI Chairman Vu Tien Loc says the book designates one chapter to analyze impacts of the EU Vietnam Free Trade Agreement on local businesses:"The EU-Vietnam FTA is a major prospect for Vietnamese goods to enter a market of 28 member states, leveraging domestic institutional reform through high standard regulations on cross border trade. Further institutional reform is required to realize commitments stated in the document."

Eurocham Chairman Michael Behrens expected that the EU-Vietnam FTA could become a benchmark free trade deal in Vietnam's globalization in the context of uncertain future of the Trans Pacific Partnership agreement.

Source: VOV5