The EVFTA: What Happens Next?

CCIPV’s Chairman participated in both events, representing the Chamber, together with other European Chambers of Commerce, CCIPV is conscious of its role and actively works towards the dissemination of the EVFTA throughout Vietnam, but also Portugal.

 

The Free Trade Agreement and the Investment Protection Agreement were signed on June 30th, 2019, between the European Union and the Socialist Republic of Vietnam (the EVFTA and the EVIPA). One day later, EuroCham Vietnam organized the conference “The EVFTA: What Happens Next?” in Hanoi in July 1st, and a few days later in Ho Chi Minh City in 5th July.


With the participation of 100 members of both chambers to bring all the latest updates from the EU and Vietnamese Government about the EVFTA and next steps to utilitise benefits of the agreement., at the conference in Hanoi, the Chairmen of the two chambers, Mr. Nicolas Audier and Dr. Vu Tien Loc, announced the establishment of EU–Vietnam Business Council and discussed specific activities to further strengthen EU–Vietnam trade relations. A fundamental objective of this partnership is ensuring the ratification and implementation of EVFTA.


Following the success of the briefing in Hanoi, EuroCham organised a breakfast briefing for over 140 of its members, Business Associations, Sector Committees and journalists, updating on the progress of the EVFTA with the momentum of the signing in Hanoi. EuroCham Chairman Mr. Nicolas Audier briefed members on the EVFTA and its importance for 3 reasons: it is the most ambitious FTA the EU has ever concluded with a developing country; it improves not only trade and investment but also the environment and social and labour rights to ensure free and fair trade; and it sets the blueprint for a region-region EU-ASEAN FTA which was initiated earlier. He also applauded Vietnam for the positive steps taken by ratifying ILO Convention 98 on right to organise and collective bargaining and the upcoming ratification of the remaining two conventions: Convention 105 on forced labour by 2020 and Convention 87 on freedom of association by 2023.


CCIPV’s Chairman participated in both events, representing the Chamber, together with other European Chambers of Commerce.

CCIPV is conscious of its role and actively works towards the dissemination of the EVFTA throughout Vietnam, but also Portugal.


Source: CCIPV / EUROCHAM