A close connection with National Assembly deputies and businesses will efficiently help negotiators make progress in the country’s future Free Trade Agreements (FTAs), a conference in Hanoi has heard.

The discussion, exploring in depth the law-making body’s role in negotiating, ratifying and implementing FTAs, was jointly organised on April 15 by the National Assembly’s Committee for External Relations and the US Agency for International Development (USAID).

Participants voiced that as the highest-level people-elected agency, the National Assembly needs to promptly reflect opinions and aspirations of parties involved in various stages of FTA negotiations and enactment.

Chairman of the NA’s Committee for External Relations Tran Van Hang reported that Vietnam has so far signed eight FTAs, mainly with its partners in ASEAN, the EU, and China. It is working on different bilateral and regional FTAs.

During the event, the participants, including economic experts, made forecasts on the factual impacts of FTAs on Vietnam’s economy, while identifying major bottlenecks during the negotiating and implementing process of FTAs.

They raised legal issues that need to be revised for the country to sharpen its competitiveness in the global trade.-VNA