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.
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.
Monday June 30, 2014/ EC-Trade/ European Union.