The tax cuts to be created by the Vietnam-EU Free Trade Agreement when it is signed in September this year will help Vietnam’s export to the EU increase by up to 40 percent, heard a conference held in Hanoi on March 7 by the European Trade Policy and Investment Support Project (EU-MUTRAP).
Speaking at the function, held to assess economic, social and investment environment impact by the agreement, head of the Economics and Trade Section of the EU delegation to Vietnam Jean-Jacques Buoflet said the agreement will continue to accelerate investment and technological advances, thus boosting the productivity and consumption for many productions.
It will also help better protect investors of both sides, he said, adding that companies from the EU and its partners will increase their investment into Vietnam as they take the country as a production base of exports to the EU.
Vietnam and the EU have gone through six rounds of negotiations on the agreement since June 2012. Experts say the biggest beneficiaries from the document will be textile, footwear and food processing industries.-VNA
Speaking at the function, held to assess economic, social and investment environment impact by the agreement, head of the Economics and Trade Section of the EU delegation to Vietnam Jean-Jacques Buoflet said the agreement will continue to accelerate investment and technological advances, thus boosting the productivity and consumption for many productions.
It will also help better protect investors of both sides, he said, adding that companies from the EU and its partners will increase their investment into Vietnam as they take the country as a production base of exports to the EU.
Vietnam and the EU have gone through six rounds of negotiations on the agreement since June 2012. Experts say the biggest beneficiaries from the document will be textile, footwear and food processing industries.-VNA
