Following the EU decision on Monday, the Vietnamese National Assembly now needs to also ratify it in its May sitting.The EVFTA is expected to help Vietnamese enterprises reap the benefits of the trade pact, pushing up Vietnam’s exports and diversifing its markets to the various countries in the EU.
Under the agreement, Vietnam will cut 65 per cent of import tax on EU commodities right after the deal takes effect, while the rest will be abolished over a 10 year period. Similarly, the EU will cut more than 70 per cent of tariffs on Vietnam’s commodities right after the deal takes effect, while the rest will be abolished in the seven subsequent years.
Vietnam and the EU signed the EU – Vietnam Investment Protection Agreement, here on June 30 last year. The agreement calls for intensive, extensive and comprehensive commitments covering the fields of economy, trade, investment and sustainable development issues.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Players' union says completion of current season must be priority(Reuters) - The global players' union FIFPRO has said the completion of the current season must be the priority when football is finally able to resume following the coronavirus outbreak.
Source: staronline - 🏆 4. / 75 Read more »
German clubs ratify play suspension until at least April 30: DFLBERLIN (Reuters) - German clubs from the top two divisions on Tuesday ratified a proposal to extend the suspension of matches until at least April 30 amid the coronavirus outbreak but still plan to finish the season by June 30, the German Football League (DFL) said.
Source: staronline - 🏆 4. / 75 Read more »
Ineos to build third European hand sanitiser plant in 10 days | Malay MailLONDON, March 31 — Chemicals manufacturer Ineos said today it will build a hand sanitiser plant in France in 10 days to help meet a European shortage and has begun production at its new British and German plants ahead of schedule. Last week, the privately-owned British firm said it would build...
Source: malaymail - 🏆 1. / 86 Read more »
Uefa issues raft of fines to European clubs | Malay MailPARIS, March 31 — Uefa today issued a multitude of fines to clubs in both the Champions League and Europa League, with deposed European champions Liverpool and Manchester City among a long list of teams punished. Liverpool were fined €3,250 (RM15,384) for the setting off of fireworks during a...
Source: malaymail - 🏆 1. / 86 Read more »
European stock markets extend losses in early deals | Malay MailLONDON, March 30 — European stocks slid further in early trading today as coronavirus-fuelled volatility gripped global equities and other financial markets, with oil prices plunging. London slid 1.6 per cent, Frankfurt lost 1.0 per cent, Paris shed 1.9 per cent, Milan tumbled 2.0 per cent and...
Source: malaymail - 🏆 1. / 86 Read more »
European shares reverse course to end higher on defensive plays | Malay MailFRANKFURT, March 31 ― European stocks closed higher yesterday after last-minute gains, with buying focused largely on defensive sectors amid plummeting oil prices and continued anxiety over the coronavirus. The pan-European STOXX 600 index closed up 1.1 per cent, having dropped about 1 per cent...
Source: malaymail - 🏆 1. / 86 Read more »