Viet Agreement

The European Commission considers NAFTA to be the most ambitious free trade agreement ever concluded by the EU with a developing country. According to the EU, the deal could generate an additional €15 billion in exports per year to the EU by 2035 ($16.6 billion). Vietnam will benefit more from NAFTA than other such agreements, as Vietnam and the EU are seen as two supportive and complementary markets. In other words, Vietnam exports goods that the EU cannot or will not produce itself (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 pharmaceutical products. In the past, the EU has repeatedly signed free trade agreements that also required labour and environmental standards, but have not continued to be enforced, Schweisshelm said. IIA Mapping Project The IIA Mapping Project is a cooperative initiative between UNCTAD and universities around the world to represent the content of IIAs. The resulting database serves as a tool to understand trends in the development of the IIA, assess the prevalence of different policy approaches and identify examples of contracts. The "Mapping of IIA Content" allows you to browse the results of previous projects (the page will be updated regularly when the new results are updated). Please cite as: UNCTAD, Mapping of IIA Content, available under To learn more: Project page Mapping Project description and methodology Document In May, the World Bank said the trade deal could help lift hundreds of thousands of people out of poverty in Vietnam and increase the country`s GDP by 2.4% by 2030. "In the long term, there could be an ASEAN-EU agreement," Schweisshelm said, adding that Vietnam is of strategic importance to the EU as it seeks to expand political influence in the region, especially in the face of China`s growing influence. For this reason, in 2019, the EU concluded a Security Partnership with Vietnam.

One of the critical aspects of the EVFTA is that it provides for the creation of a Domestic Advisory Group (DAG) to verify the settlement of agreements. Once in force, the agreements will increase trade and encourage jobs and growth on both sides, by subdividing international investment agreements (IIAs) into two types: (1) bilateral investment agreements and (2) investment agreements. A bilateral investment agreement (BIT) is an agreement between two countries on the promotion and protection of investments made by investors of the countries concerned in the territory of the other country. The vast majority of AIIs are BITs. The category of contracts with investment rules (TIPs) includes different types of investment agreements that are not NTBs. Three main types of PNT can be distinguished: 1. global economic contracts, which contain obligations usually found in THE ILO (e.g. B a free trade agreement with an investment chapter); (2) contracts with limited investment provisions (e.g. B only those relating to the creation of investments or the free transfer of investment funds); and (3) contracts that contain only "framework clauses", such as.B. on investment cooperation and/or a mandate for future negotiations on investment issues. .

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