European Commissioner for Trade Cecilia Malmstrom, Romania’s Business, Trade and Enterpreneurship Minister Stefan Radu Oprea and Vietnam’s Industry and Trade Minister Tran Tuan Anh. Photo: Reuters

Vietnam and European Union sign free-trade agreement

  • The deal will see the EU lift 85 per cent of its tariffs on Vietnamese goods, while Vietnam will lift 49 per cent of its import duties on EU exports, with other easing of tariffs to take place over the next decade
  • The agreement is expected to accelerate greater trade volume and create vast opportunities for businesses and consumers on both sides
Topic |   Trade

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European Commissioner for Trade Cecilia Malmstrom, Romania’s Business, Trade and Enterpreneurship Minister Stefan Radu Oprea and Vietnam’s Industry and Trade Minister Tran Tuan Anh. Photo: Reuters
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