Related Keywords: all EU exports of machinery, biggest trade partner, eliminate duties on garment, eliminate tariff lines, EU textile fabric exports, EVFTA, Free Trade Agreement between EU and Vietnam, investment in Vietnam, largest export markets, Textile, zero duty tariff rate quotas
After almost three years and 14 official rounds of talks and many mid-term negotiations between ministers, heads of delegations and technical groups, Vietnam and the EU have reached an agreement on all basic points of the Free Trade Agreement between EU and Vietnam (EVFTA), the Ministry of Industry and Trade announced on Saturday.
The EU will eliminate 99.2 percent of tariff lines for Vietnam, equivalent to 99.7 percent of Vietnamese export turnover with the remainder of export turnover enjoying zero-duty tariff rate quotas.
