Vietnam Economy Vietnam says to ratify EVFTA in May The Saigon Times Daily Thursday, Feb 13, 2020,17:03 (GMT+7) Vietnam says to ratify EVFTA in MayThe Saigon Times Daily European Union and Vietnamese flags fly at the signing ceremony of the EU-Vietnam Free Trade Agreement at Vietnam’s Government Office in Hanoi on June 30, 2019 – PHOTO: REUTERS HCMC – The European Union-Vietnam Free Trade Agreement (EVFTA), which will pave the way for tariff reductions on 99% of goods between the EU and the Southeast Asian country, will be ratified in May and take effect in July this year if everything fares well, said Minister of Industry and Trade Tran Tuan Anh. The minister was speaking at a press briefing in Hanoi on Wednesday, shortly after the European Parliament approved the free trade pact, which the EU described as “the most ambitious free trade deal ever concluded with a developing country,” reported the Vietnam News Agency. Anh noted that Vietnam is waiting for the European Council to ratify the deal as a final procedure while the next sitting of Vietnam’s National Assembly, slated to take place in April and May, will see Party General Secretary and State President Nguyen Phu Trong present the deal to… Read full this story
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