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NA to ratify EVFTA shortly

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to be ratified by the National Assembly (NA) on May 20, the first day of the 14th NA’s ninth session, according to the Ministry of Industry and Trade (MoIT).
NA to ratify EVFTA shortly ảnh 1Tuna is among Vietnam's key exports to the EU (Photo: VNA) 


Hanoi (VNA)
💜 - The EU-Vietnam Free Trade Agreement (EVFTA) isexpected to be ratified by the National Assembly (NA) on May 20, the first dayof the 14th NA’s ninth session, according to the Ministry ofIndustry and Trade (MoIT).

The ministry has also worked closely with the Government Office and the Presidential Office to complete the President’s report and prepared the relevantcontent for ratification documents to be submitted to the legislature. Luong Hoang Thai, head of the MoIT’s Multilateral Trade Policy Department,said the ministry completed the ratification documents at the beginning of the yearand submitted them to the Government for consideration. It also worked with the Ministry of Justice to update the Government’slegal review in service of the EVFTA’s implementation. At an April 21 meeting of the NA’s Committee for External Relations on the ratification of the EVFTA, the Minister of Industry and Tradedirectly reported to and answered questions from deputies.

The EVFTA needs to be ratified by the European Parliament (EP) and approved by the European Council (EC) to become effective.

♌ The EP ratified the deal on February 12, with 401 votes in favour, 192against, and 40 abstentions.

Then, on March 30, the EC approved the deal, completing thefinal legal procedure in the EU’s internal ratification process. The deal now only awaits the NA’s ratification to take effect in boththe EU and Vietnam./.
VNA

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