Trade Agreement Vietnam Eu

Fishery products, tropical fruits, etc.) while products imported from the EU are also those that Vietnam does not produce on the national territory, including high-quality machinery, aircraft and pharmaceuticals. In February 2020, the European Parliament ratified a Free Trade Agreement (FTA) and an Investment Protection Agreement (IPA) with Vietnam. MEPs (MDEP) voted in favour of the agreements in Strasbourg. A pioneering new free trade agreement between Vietnam and the European Union entered into force on 1 August 2020. The PCA governs the general relationship between the EU and Vietnam. It is based on common interests and principles such as equality, mutual respect, the rule of law and human rights.