0
On 12 February, Parliament approved the EU-Vietnam free trade and investment protection deals.
The agreement aims to eliminate 99% of tariffs within seven years, with duties on pork gradually liberalised over ten years. This should result in €15 billion a year in additional exports from Vietnam to the EU by 2035, while EU exports to Vietnam would expand by €8.3 billion annually.
Once Council formally concludes the trade agreement and the parties notify each other that their procedures are closed, it can enter into force. For the investment protection agreement to enter into force, EU member states’ parliaments first need to ratify it.
February 12, 2020/ European Parliament/ EU.
https://www.europarl.europa.eu/
