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  • Free Trade Agreements: US$ 33.6 Trillion

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    Vietnam has entered into several free trade agreements with countries around the world, including bilateral agreements with the EU, Japan, Chile, and South Korea. While the original TPP agreement was put on hold, the revised CPTPP maintains most of its terms and came into effect in Vietnam in January 2019. The ASEAN-Hong Kong FTA was also signed in 2017 and became effective in June 2019. Looking ahead, the EU-Vietnam FTA is expected to liberalize 90% of trade flows between the two regions over the next 10-15 years and take effect in 2020.

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    Vietnam has entered into several free trade agreements with countries around the world, including bilateral agreements with the EU, Japan, Chile, and South Korea. While the original TPP agreement was put on hold, the revised CPTPP maintains most of its terms and came into effect in Vietnam in January 2019. The ASEAN-Hong Kong FTA was also signed in 2017 and became effective in June 2019. Looking ahead, the EU-Vietnam FTA is expected to liberalize 90% of trade flows between the two regions over the next 10-15 years and take effect in 2020.

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    31 views1 page

    Free Trade Agreements: US$ 33.6 Trillion

    Uploaded by

    hnmjzhvi
    Vietnam has entered into several free trade agreements with countries around the world, including bilateral agreements with the EU, Japan, Chile, and South Korea. While the original TPP agreement was put on hold, the revised CPTPP maintains most of its terms and came into effect in Vietnam in January 2019. The ASEAN-Hong Kong FTA was also signed in 2017 and became effective in June 2019. Looking ahead, the EU-Vietnam FTA is expected to liberalize 90% of trade flows between the two regions over the next 10-15 years and take effect in 2020.

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    Free trade agreements

    Viet Nam has entered into or completed the negotiation of a number of Free Trade Agreements (FTAs), including both
    collective and bilateral FTAs (e.g. FTAs with the EU, Japan, Chile and Korea).
    While the original TPP agreement has been put on hold, the revised agreement came into progressed as the CPTPP
    (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). These developments reveal that Viet Nam
    continues to be increasingly integrated into the global economy through numerous bilateral and collaborative FTAs.
    Regarding the CPTPP, it maintains most of the terms of the TPP, allowing the remaining TPP11 (excluding the USA) to
    continue implementation of the FTA. The CPTPP has been effective in Viet Nam since Jan 2019.
    The ASEAN-Hong Kong FTA was signed in late 2017 and came into force in June 2019. The EU-Viet Nam FTA is the
    next major milestone for Viet Nam from a trade perspective. This FTA is expected to liberalise 90% of trade flows over
    a 10-15 year time frame. The FTA is expected to come into effect in 2020.

    Free Trade Agreements


    12 Signed and
    effective
    US$ 33.6 Trillion
    Total GDP of Partners

    AFTA/ ATIGA ASEAN - Australia/


    Viet Nam - Japan
    New Zealand

    ASEAN - China ASEAN - Korea Viet Nam - Korea

    ASEAN - India ASEAN - Hong Kong Viet Nam - Eurasian


    Economic Union

    ASEAN - Japan Viet Nam - Chile TPP - CPTPP

    1 3
    End of negotiation/ Under
    US$ 19.1 Trillion US$ 29.1 Trillion
    Signed but not Negotiation
    Total GDP of Partners Total GDP of Partners
    yet effective

    Regional Comprehensive
    EU - Viet Nam Economic Partnership (RCEP)

    Viet Nam - EFTA

    Viet Nam - Israel

    Conflicts in US – China trade


    Since the US – China Trade war has caused difficulties for Chinese exporters (mostly in manufacturing), there have
    been early signs of Chinese manufacturing firms willing to explore potential expansion to Viet Nam. However, as Viet
    Nam’s labour skills are still lower than China’s, in the short term, Viet Nam may only benefit from low value-added
    manufacturing migration from China, and hence see increasing imports from China accordingly.
    On the medium to long term, the trade war could open broader opportunities for Viet Nam to export to both
    countries, as well as attracting additional manufacturing capacity from China and receiving more FDI flows.

    44 l Doing Business in Vietnam

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