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EU and Vietnam reach agreement on free trade deal

EU News 219/2015

4 July 2015

Today the EU and Vietnam have reached an agreement in principle for a free trade agreement (FTA), after two and a half years of intense negotiations. Following a telephone conversation this morning between EU Trade Commissioner Cecilia Malmström and Vietnamese Minister of Industry and Trade Vu Huy Hoang, all issues of substance have been agreed, and both sides have reached a mutually beneficial and balanced package.

This agreement will remove nearly all tariffs on goods traded between the two economies.

Source and additional information:

Statement by Cecilia Malmström, Member of the EC in charge of Trade on the state of play of ongoing trade negotiations. Date: 04/08/2015 Reference: P-028920/00-10 Location: Brussels - EC/Berlaymont (C)EU, 2015 URL