Vietnamplus

Thailand is preparing to embark on talks on a free-trade agreement with the EU with the aim of concluding the deal within two years.

Vietnam’s exports have gained tens of billions of USD each year from free trade agreements (FTAs) that Vietnam is a signatory, the Ministry of Industry and Trade (MoIT) revealed.

The second meeting of the Vietnam-UK Free Trade Agreement (UKVFTA) Trade Committee took place in Hanoi on August 24 under the co-chair of Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang and British Minister of State for International Trade Nigel Huddleston.

Thailand’s Commerce Ministry recently signed a memorandum of understanding (MoU) to form a deeper trade partnership through a mini-free trade agreement (mini-FTA) between Thailand and China’s Yunnan province.

As a member of 19 underway free trade agreements (FTA), Vietnam has enjoyed great opportunities to expand markets and strengthen the commercialisation of its products and services in the future, according to experts.

With the recently-signed bilateral free trade agreement (FTA), Vietnam begins to be a big player on Israel’s investment map, Israeli Minister of Economy and Industry Nir Barkat affirmed on August 16.

Small- and medium-sized enterprises (SMEs) in Vietnam need to understand more about development trends and legal regulations related to e-commerce activities, and proactively tap cross-border e-commerce opportunities brought by new generation free trade agreements (FTAs), said insiders.

The Vietnam - Israel Free Trade Agreement (VIFTA) was signed on July 25 and is the latest free trade agreement (FTA) Vietnam is a party to. Joining more FTAs will create significant opportunities for the country to deeply participate in global value chains, increase exports, boost GDP growth, and improve its institutions.

Vietnam has been negotiating, signing and implementing 19 bilateral and multilateral free trade agreements (FTA) with most of major economies in the world, of which 16 trade pacts involving more than 60 partners came into effect.

The Vietnam-Israel Free Trade Agreement, which was signed on July 26 after seven years of negotiations, would create a conducive atmosphere for the export of Vietnamese products to Israel, according to many experts.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Israeli Minister of Economy and Industry Nir Barkat on July 25 signed the Vietnam - Israel Free Trade Agreement (VIFTA) in Tel Aviv in the presence of Vietnamese Deputy Prime Minister Tran Luu Quang and Israeli Prime Minister Benjamin Netanyahu.

National Assembly (NA) Chairman Vuong Dinh Hue held talks with President of the National Council of Switzerland Martin Candinas after chairing a welcome ceremony for the Swiss leader in Hanoi June 28.

Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.

The Association of Southeast Asian Nations (ASEAN) has continued to strengthen economic cooperation through the ASEAN-Canada Free Trade Agreement (ACAFTA) negotiations to respond to the impacts of the ongoing global economic slowdown.

The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, and now is time for businesses to understand Israeli people’s needs and tastes to promptly enter this new market, according to insiders.

Vietnam will continue to work closely with Israel to early sign and enforce the two countries’ Free Trade Agreement (FTA), bringing practical benefits to businesses and people of both sides, Minister of Industry and Trade Nguyen Hong Dien stressed at a meeting with Israeli Ambassador to Vietnam Yaron Mayer in Hanoi on May 19.

It is critical for the electronics industry to enhance its resilience against global shocks, take the opportunities arising from global production and participate deeply in the global supply chain.

Thailand and the United Arab Emirates (UAE) have announced the launch of their first free trade agreement (FTA). The agreement aims to create new opportunities for trade, services and investment between Thailand and the UAE, aiming to grow bilateral trade by 10% in the first year of the pact's implementation.

Vietnam is the third largest mango supplier for the Republic of Korea (RoK) in the world, but the imports from Vietnam only account for 5.8% of the Asian country’s total, the Import - Export Department under the Ministry of Industry and Trade has reported.

ASEAN and the Republic of Korea are currently in the process of upgrading its existing free trade agreement, according to Satvinder Singh, the deputy secretary-general for ASEAN Economic Community.