Dear EuroCham Members,
The EU-Vietnam Free Trade Agreement is expected in 2018 and its implementation is under way.
Since its negotiation stages back in 2013, EuroCham has been bringing its members’ views to the table towards ensuring that the Agreement was written and implemented in the most efficient and beneficial way possible. Many of the recommendations that EuroCham conveyed to the negotiating officials from the EU and Vietnam were indeed reflected in the final text of the EVFTA in one way or another. This was a victory for the entire business community, but our work on the EVFTA continues.
Currently, the EVFTA is in its implementation phase and it is now more important than ever that we know how you feel about that which has been agreed. Moreover, we want to know your opinion on how the EVFTA and its application could objectively benefit your business.
EuroCham is going on mission to Brussels, Belgium, in September 2017 to deliver your views on the EVFTA. EuroCham will meet with high-level officials at the European Commission, Members of the European Parliament, diplomatic representations in Brussels, as well as European Trade Associations. Our mission to Brussels will also attempt to raise further awareness on the need of a speedy ratification process.
Please help us to deliver your message in Europe and take the voice of the European Business Community to where decisions are made.
Kindly respond to this important survey (03-05 minutes).
THANK YOU IN ADVANCE FOR HELPING THE EUROPEAN BUSINESS COMMUNITY!
The EVFTA is scheduled to come into force in 2018 and EU businesses will enjoy favourable conditions both in imports and exports.
Trade in goods: Vietnam will fully dismantle nearly all tariffs except for a few tariff lines that are subject to duty-free tariff rate quotas. Widespread coverage is achieved already at entry into force with 65% value of EU exports (49% tariff lines). Remaining trade, with the exception of a few products, will be liberalised after 10 years.
The EU will liberalise from day one 71% of value of Vietnamese exports (84% tariff lines); and 99% will enter duty-free after seven years.
The EVFTA will support to gain market access for goods between the EU and Vietnam. Furthermore, the EVFTA foresees compliance with principles and rules on a large array of fields, such as: Rules of Origin, Technical Barriers to Trade (TBT), Sanitary and Phyto-sanitary Measures (SPS) and also Customs and Trade facilitation.
In addition, the EVFTA provides a framework for liberalising E-commerce and the establishment of a modern investment protection mechanism, including an original investment tribunal system.
Other cross-cutting issues brought by EVFTA are: Government Procurement, Trade Remedies, Competition Policy, Commitments on State-Owned Enterprises, Protection of Intellectual Property Rights and Geographical Indications (GIs), Trade and Sustainable Development and Cooperation and Capacity building.
The EVFTA’s potential effects can touch upon all sectors, and the agreement specifically mentions, among others, Automotive, Agribusiness, Chemicals, Pharmaceuticals, Wine and Spirits, Fisheries, Machinery, and Textiles.
- More on the EVFTA here
The survey is designed for EuroCham members only. Please click here to request the access from website