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Vietnam-UK trade relations elevating to new altitudes

Vietnam-UK trade relations elevating to new altitudes 13:31 | 15/12/2020 The UK-Vietnam Free Trade Agreement was settled last week and will take effect from January 1, in which 99 per cent of tariffs between two countries will be eliminated – and full implementation is set to further boost UK-Vietnam bilateral trade, which has already tripled in the past decade. Most tariffs will be eliminated across many products following the new UK-Vietnam Free Trade Agreement which comes into effect next month The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) last week took place just as the two countries celebrated 10 years of a bilateral strategic partnership. Vietnamese Minister of Industry and Trade Tran Tuan Anh said, “The signing of the agreement is of huge significance and practical value for several reasons. It stems from the actual needs of both countries – Brexit means that the agreement between Vietnam and the EU (EVFTA)

UKVFTA ushers in new opportunities for Vietnam-UK trade

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

Vietnam, Britain close in on post-Brexit trade deal
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Brexit news: UK signs ANOTHER deal as Vietnam brings Brexit bonanza to £193BN | Politics | News

| UPDATED: 14:52, Fri, Dec 11, 2020 Link copied Sign up for FREE now and never miss the top politics stories again SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. 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.

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