Politics

Switzerland hopes for early signing of FTA between Vietnam, EFTA

Vietnam and Switzerland have agreed to soon conclude negotiations on a free trade agreement (FTA) between Vietnam and the European Free Trade Association (EFTA), of which Switzerland is a member.
Switzerland hopes for early signing of FTA between Vietnam, EFTA ảnh 1Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart Guy Parmelin at the joint press conference. (Photo: VNA) 
Bern (VNA) – Vietnam andSwitzerland have agreed to soon conclude negotiations on a free tradeagreement (FTA) between Vietnam and the European Free Trade Association (EFTA),of which Switzerland is a member.

Vietnamese President Nguyen Xuan Phuc and hisSwiss counterpart Guy Parmelin made the announcement at a joint pressconference following their talks in Bern city on November 26.

Describing President Phuc’s official visit asa new development milestone in Switzerland-Vietnam relations, President Parmelin said the twosides still have many opportunities and much potential for growth.

The Vietnamese leader noted that he and his Swisscounterpart shared the view that despite development, the bilateral cooperation has yet to match potential of both nations, and they agreed to soonconclude the talks on the FTA between Vietnam and the EFTA.

He added Vietnam welcomes the two countriesand their businesses promoting innovation cooperation.

Switzerland hopes for early signing of FTA between Vietnam, EFTA ảnh 2President Nguyen Xuan Phuc and Swiss President Guy Parmelin at the joint press conference. (Photo: VNA) 
The Presidents agreed to elevate the twonations’ 2019 letter of intent on innovation, science and technology to a protocolon innovation. Therefore, Vietnam welcomes Swiss companies to cooperate with the Southeast Asian country in innovation and digital economy.

The Swiss President said he wanted to sign a free tradeagreement (FTA) similar to the deal that Vietnam signed with the European Union,thereby eliminating barriers to goods circulation between the two countries.Another priority is to build a favourable legal framework and effectivelyenforce intellectual property rights, he said, adding that these are factors that will stronglyattract Swiss investors to invest in Vietnam.

President Parmelin informed that he and President Phuc had agreed to assign the heads of the two negotiating teams to accelerate the talks on the EFTA-Vietnam FTA./.
VNA
#President Nguyen Xuan Phuc #President Guy Parmelin. Vietnam Switzerland
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