EU-Vietnam Free Trade and Investment Protection Agreements

INTA
Brussels
Image of the city busy street at night with old and new buildings in contrast to each other. Image of the city busy street at night with old and new buildings in contrast to each other.
Poster hearing EU-Vietnam FTA.jpg © Image used under the license from Shutterstock.com

On 10 October, the INTA Committee organized a public hearing on Free Trade Agreement (FTA) and Investment Protection Agreement (IPA) between the European Union and Vietnam. The agreements were concluded recently and the European Parliament will be requested to give its consent to these historic deals. The hearing hosted chief negotiators of the agreements from both sides, as well as experts and stakeholders (business, human rights, including labour and environment) from the EU and from Vietnam.

Vietnam is a nation of over 90 million people with one of the fastest growing economies in the world and with a very young population. The EU exports to Vietnam are dominated by high tech products including electrical machinery and equipment, aircraft, vehicles, and pharmaceutical products. Vietnam's key export items to the EU include telephone sets, electronic products, footwear, textiles and clothing, coffee, rice, seafood, and furniture.