Connect with us

EU

EU set to sign trade and investment agreements with #Vietnam

SHARE:

Published

7 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The Council of Ministers has approved the EU-Vietnam trade and investment agreements, paving the way for their signature on Sunday 30 June in Hanoi.

European Commission President Jean-Claude Juncker said: "I welcome the decision taken today by member states. After Singapore, the agreements with Vietnam are the second to have been concluded between the EU and a Southeast Asian country, and represent stepping stones to a greater engagement between Europe and the region. It is also a political statement by two partners and friends standing together for open, fair and rules-based trade."

Trade Commissioner Cecilia Malmström said: "I am very pleased to see that member states have given a green light to our trade and investment agreements with Vietnam. Vietnam is a vibrant and promising market of more than 95 million consumers and both sides have much to gain from stronger trade relations. Beyond the clear economic benefits, this deal also aims to strengthen respect for human rights as well as protecting the environment and workers' rights. I welcome Vietnam's engagement in the process so far – their recent ratification of the International Labour Organization Convention on collective bargaining is an excellent example of how trade agreements can encourage higher standards."

The agreements are set to bring unprecedented benefits for European and Vietnamese companies, consumers and workers, while promoting respect for labour rights and the fight against climate change under the Paris Agreement. For more information, see the press release available online, as well as documents on the dedicated webpages.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending