Information on prospects for economic and investment cooperation between Vietnamese and Czech firms, and business opportunities in Vietnam offered by the EU-Vietnam Free Trade Agreement (EVFTA), were discussed at a workshop in Prague on October 25.
Prague (VNA) – Information onprospects for economic and investment cooperation between Vietnamese and Czechfirms, and business opportunities in Vietnam offered by the EU-Vietnam FreeTrade Agreement (EVFTA), were discussed ata workshop in Prague on October 25.
In his opening remark, Vietnamese Ambassador to the Czech Republic Ho Minh Tuanhighlighted the significance of the event, saying that it aims to encourageenterprises of the two nations to fully tap benefits brought by the EVFTA andthe EU-Vietnam Investment Protection Agreement (IPA) not only in tariffreduction but also in removal of non-tariff barriers and measures to facilitatetrade and investment committed by the involved parties in the two agreements.
Lucie Vondrackova, Director of the Department of TradePolicy and International Economic Organisations under the CzechMinistry of Industry and Trade, said the EVFTA brings great benefits to both EUand Vietnam, including the Czech Republic.
The trade pact is based on international standards, trade liberalisation,effective removal of non-tariff barriers and sustainable development, she said.
Forthe Czech Republic, the EVFTA will help remove an average tariff of about 6 percentfor exports and 5 percent for imports, while open an opportunity for Czechbusinesses to approach the Vietnamese market, including public procurementservices, she stressed.
Participants also focused their discussions on the agreements, especially deep analysisrelated to supporting export, and cooperation in civil aviation training andlogistics between the two nations’ enterprises.
They agreed that the EVFTA and IPA will help open cooperation opportunitiesbetween Vietnamese and Czech companies in the coming time when they areapproved by the European Parliament./.
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Participants at the workshop (Source: VNA) 
