EVFTA expected to be signed late 2018Bernd Lange, Chairman of the European Parliament’s Committee on International Trade, has said he expects the European Union-Vietnam Free Trade Agreement (EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometime in November this year. It is now ready to be translated into the 24 official languages of the European Union (EU) and sent to the 28 member countries for consideration. The two sides need to make efforts to solve outstanding problems while the European Parliament considers and ratifies this agreement, the official added. The EVFTA will bring about a number of opportunities for both the EU and Vietnamese businesses, thus supporting the development of both sides in the long run, Lange affirmed. Not many small- and medium-sized firms really understand the direct benefits of this trade pact, and so the two sides should assist companies in capacity building.

Source: VietNamNet News July 27, 2018 14:48 UTC