Opportunities as well as challenges for Vietnam when participating in new generation free trade agreements are the focus of a seminar held in Hanoi from October 28-29.

Held by the Party Central Committee’s Commission for External Relations, the Ministry of Foreign Affairs and the United Nations Development Programme, the seminar is part of a project on the enhancement of the capacity to serve deep and broad international integration.

Participants heard reports of experts and exchanged views on the results and experience Vietnam has gained after five years of joining the World Trade Organisation.

They analysed opportunities and challenges posed by new generation FTAs to the country’s production, investment, trade and social culture, as well as its national sovereignty.

Delegates also discussed what Vietnam should do when negotiating FTAs as well as the need to conduct economic restructuring and raise the capacity and efficiency of State management, in order to ensure the country’s goals and benefits when joining these agreements.-VNA