The role of the National Assembly in ratifying and implementing freetrade agreements (FTAs) was the focus of a workshop held by the NACommittee for External Relations and the US Agency for InternationalDevelopment (USAID) in central Thua Thien-Hue province on July 20.
Participants – including NA deputies, economists and representativesof both domestic and foreign businesses – discussed the specific impactsof FTAs on Vietnam’s economy as well as challenges facing the countryduring the negotiation and signing process.
They also shared opinions on legal issues to be revised or supplemented to increase the country’s trade competitiveness.
In recent years, along with domestic reforms, Vietnam has activelyparticipated in negotiations for bilateral and multilateral FTAs withnumerous important partners.
To date, Vietnam has signed 10 FTAs; those with the Republic of Korea and the Eurasian Economic Union were reached in 2015.-VNA
Participants – including NA deputies, economists and representativesof both domestic and foreign businesses – discussed the specific impactsof FTAs on Vietnam’s economy as well as challenges facing the countryduring the negotiation and signing process.
They also shared opinions on legal issues to be revised or supplemented to increase the country’s trade competitiveness.
In recent years, along with domestic reforms, Vietnam has activelyparticipated in negotiations for bilateral and multilateral FTAs withnumerous important partners.
To date, Vietnam has signed 10 FTAs; those with the Republic of Korea and the Eurasian Economic Union were reached in 2015.-VNA
