UKVFTA ushers in new opportunities for Vietnam-UK trade The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) demonstrates the importance of Vietnam as a market and its heightened position in the eyes of the UK, Vietnamese Ambassador to the UK Tran Ngoc An told the Vietnam News Agency after the finalisation of the bilateral trade deal in Hanoi on December 11.
Based on the terms of the EU-Vietnam Free Trade Agreement (EVFTA), the UKVTFA is a new-generation, high-quality bilateral agreement that reduces tariffs to zero and eliminates non-tariff barriers on most goods from both countries under a short roadmap, An said. It also contains important provisions on intellectual property rights, investment liberalisation, and sustainable development, and commitments to meet the standards of the International Labour Organisation (ILO) and the UN Framework Convention on Climate Change.
Vietnam, Britain close in on post-Brexit trade deal
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Vietnam s exports rise thanks to UKVFTA
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| UPDATED: 14:52, Fri, Dec 11, 2020
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Trade secretary Liz Truss announced the deal on Twitter in a post celebrating the huge strides forward already being made by the UK outside of the EU. While talks with Brussels remain stagnant, dozens of countries across the world have already signed up to partner with the UK. Ms Truss said: Today we secured a trade deal with Vietnam.